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New headquarters for DCHFC

NEW DELHI: Chief Minister Sheila Dikshit on Saturday said the Delhi Cooperative Housing Finance Corporation (DCHFC) had substantially contributed in ensuring success of the cooperative housing movement in the Capital, helped in overcoming shortage of dwelling units, and thereby curbed unplanned growth as cooperative group housing complexes had resulted in planned development.

Speaking at the foundation stone laying function of Sahkar Bhawan, the new headquarters of DCHFCS at Sector 20 in Dwarka, Ms. Dikshit said the federal cooperative institution was registered in 1970 when the concept of group housing in the cooperative sector was introduced. She lauded the role of DCHFC, which now has 1,288 prime housing societies affiliated to it, in promoting planned development. Also, the DCHFC had offered loan to cooperative group housing societies for purchase of land from the DDA.

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