Prop Equity, a leading real estate data and analytics consultant has been selected after a prolonged process for the scheme. AWHO and Prop Equity signed the pact for the scheme. (PTI)

The army today signed an agreement with a private firm to help its personnel serving in remote areas to buy houses in various cities without any hassles. The initiative by the Army Welfare Housing Organisation (AWHO) is aimed at providing houses built by reputed private builders at discounted prices to army personnel. Prop Equity, a leading real estate data and analytics consultant has been selected after a prolonged process for the scheme. AWHO and Prop Equity signed the pact for the scheme.

“AWHO has come up with a pragmatic business model called the ‘Private Industry Collaborative Business Model’ which will facilitate acquiring houses from reputed private builders at discounted prices for army personnel,” the Defence Ministry said in a release. It further said a pilot project is being undertaken in Delhi-NCR area and based on its success, similar ventures will be executed in other locations.

Under the scheme, detailed market research will be done to identify the most suitable builder or project and negotiations will be carried out for price reduction and other issues. AWHO’s mandate is to provide housing to serving and retired army personnel and their widows on ‘no profit no loss’ basis.

Police custody for 3 army personnel in paper leak case

A court here today remanded in police custody till March 10 three persons arrested in connection with the army recruitment examination paper leak. Ravinder Kumar, Dharamvir Singh and Nikam Kumar Pandey worked as clerks in the Army Recruitment Office at Nagpur. The police here had earlier arrested 21 people in the case on February 26. The accused, which include owners of coaching classes, offered question papers of army recruitment examinations in advance for Rs 2-3 lakh. Santosh Shinde, owner of Raje Chhatrapati Academy at Phaltan in Satara district who is among those arrested, was believed to be the mastermind, police had said.

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After the Thane police busted the racket on February 26, the army cancelled the examination at a number of centres including Kamptee, Nagpur, Ahmednagar, Ahmedabad, Goa and Kirkee which come under the Pune zone. The army has also instituted a high-level Court of Inquiry to probe the matter. Ravinder Kumar, Dharamvir Singh and Nikam Kumar Pandey were detained by army authorities yesterday. They were brought here from Nagpur today and produced before the district judge who remanded them in police custody till March 10.