| History
Mauritius Housing Company Ltd emanates from the
former Mauritius Housing Corporation, a para-statal body set up in
1963. The latter had taken over the housing loan business from the
Mauritius Agricultural Bank which had been providing such loans
since 1951. The Mauritius Housing Company Ltd was incorporated in
1989, to be a total solution provider in respect of housing finance
requirements and to better meet the challenges posed by the market.
Experience
With more than 4 decades at the service of the
nation, MHC Ltd is the only finance institution in Mauritius and
Rodrigues that offers a variety of solutions with respect to the
promotion of home ownership. Indeed, besides housing loans, MHC Ltd
provides architectural, technical, legal, insurance services as well
as deposit taking and saving schemes.
In the 1970s MHC pioneered the introduction of
multi-storeyed buildings for residential purposes. Its major estates
projects include Govinden Court and Clos Verger (Rose Hill) and
Harbour View 1& 11 (Port Louis), and the latest being CyberVillage.
Savings Culture
In order to encourage savings for the purpose/
construction of a house, MHC introduced the Exceptional Savings
Scheme in 1972 while the Plan Epargne Logement (PEL) was launched in
1988. The PEL savings scheme has remained a popular savings mode for
all income groups and offers attractive interest rates at the time
of taking loan with the company. As part of its social
responsibility MHC offers Government Sponsored Loans to lower income
groups since 1986. In-house ancillary services include
architectural/ technical services, preparation of Fixed Charge
documents as well as life assurance and building insurance.
Network
Presently, apart from its Head Office at Port
Louis, MHC Ltd has four branches located at Rodrigues, Central
Flacq, Curepipe and Goodlands as well as 2 Customer Service Offices
at Triolet and Bambous respectively.
Our Pride
As the right arm of the Government, Mauritius
Housing Company Ltd is proud to have enabled more than 75,000
families (Mauritians as well as Rodriguans) to become house owners. |