Stateland Inc gets DTI incentives

The Department of Trade and Industry (DTI) has given incentives to low cost housing developer Stateland Inc. for a P104.304- million expansion of its mass housing project in Laguna.

Stateland Inc. announced it is planning the construction of Phase 3 and Phase 4 of the Gran Seville in Barangay Banlic Cabuyao Laguna. The 7.386-hectare expansion project will involve building 298 low cost or economic housing units.

During its construction, the expansion project is expected to employ more than 300 people. According to Stateland, the entire project would be financed through equity.

Each one-story house will have two bedrooms and one toilet and bath while the two-story unit will have three to for bedrooms and two toilet and bath. All houses will include a living room, dining area, kitchen, laundry area and a provision for a one car garage and a front lawn.

Stateland has a number of affordable in-house financing schemes and discounts for cash payments and interest rate starts at 15 percent per annum  only for installment schemes. It is also easy to avail of bank financing through the following banks affiliated with Stateland like Metrobank, Rizal Commercial Banking Corp., Equitable PCI Bank and Allied Bank.

Stateland Inc. has been operating for over 30 years. The company is one of the most active participants in the shelter program of the government pioneering in areas with potential growth and conducive to economic development. 

Stateland projects are located in Quezon City, Sta. Mesa Manila, Parañaque, Pasay City, Laguna and Cavite.  They are Chester Place in Cavite, Crystal Place also in Cavite, Gran Seville in Laguna and North Olympus in Quezon City among others.