CSR Policy

At Mayfair Housing Private Limited, we are committed to good, green and affordable housing for our customer. Mayfair believes in integrating its business values and operations to meet the expectations of its stakeholders. Our Corporate Social Responsibility (CSR) initiatives actively work towards ensuring environmental sustainability and promotion of physical, moral and spiritual wellbeing of people in our society. Over and above normal course of business, policy focuses on addressing critical social, environmental needs of the society.

This CSR Policy shall operate as the Corporate Social Responsibility Policy of the Company for the purposes of Section 135 of the Companies Act, 2013 and the rules made thereunder.

Our Vision:

Our Mission:

Leverage and further develop our core competencies in providing solution to all types of Real Estate needs, like TDR, Residential Development.
Be consistent in delivering at the highest levels in alacrity, quality, service, and technical competence.
Invest consciously and continuously in growth of financial, technical and managerial assets and contribute significantly to capital creation and career development of our employees.
Act symbiotically with a strong sense of urgency to strengthen statutory authorities, trade bodies, associations and other peer organizations to serve customers better and fulfill national real estate needs.
Design innovative products and services with foresight and user focus for an astutely segmented customer base.

Our Values:

Applicability Of the Policy:

The Company’s CSR Policy has been developed in conformity with the provisions of Section 135 of the Companies Act, 2013 (referred to as the Act in this Policy) and in accordance with the CSR Rules (hereby referred to as the Rules) notified by the Ministry of Corporate Affairs, Government of India.

CSR Activities:

The CSR activities we purse will be in line with our stated Vision and Mission, focused not just around our sites and offices, but also in other geographies based on the needs of the communities.

In addition, Company shall invest in the following areas for Community Development as per CSR Rules:

eradicating hunger, poverty and malnutrition, promoting preventive health care and sanitation and making available safe drinking water.
promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently able and livelihood enhancement projects.
promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.
promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centers and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups.
reducing child mortality and improving maternal health.
combating human immune-deficiency virus, acquired immune-deficiency syndrome, malaria and other diseases.
ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conservation of natural resources and maintaining quality of soil, air and water and in this respect adopt, develop and maintain gardens, playgrounds, parks and social recreation facilities.
employment enhancing vocational skills.
protection of national heritage, alt and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts.
measures for the benefit of armed forces veterans, war widows and their dependents.
training to promote rural sports, nationally recognised sports, Paralympics sports and Olympic sports.
contribution to the Prime Minister's National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of Corporate Social Responsibility (CSR) Policy Page 5 the Scheduled Caste, the Scheduled Tribes, other backward classes, minorities and women.
contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government or State Government.
rural development projects.
slum rehabilitation program.
disaster management, including relief, rehabilitation and reconstruction activities.
Such other matters as may be prescribed.

Qualifications and Exclusions

Responsibilities of Board

Budget for CSR Activity& CSR Expenses

Treatment of Surplus

The CSR activities we purse will be in line with our stated Vision and Mission, focused not just around our sites and offices, but also in other geographies based on the needs of the communities.

The corpus of the CSR policy includes:

Activities undertaken in the normal course of business will not be a part of CSR activities.

CSR Committee:

In terms of the provision of section 135 sub section (9) of the Companies Act,2013 and any other applicable provisions of companies act 2013 and rule thereunder, the requirement for constitution of corporate Social Responsibility committee shall not be applicable to the company, in such cases the function of CSR committee will be discharged by the board of directors of Mayfair housing Pvt Ltd.

At Mayfair, our CSR governance will be headed by the Board of Directors of Mayfair Housing Private Limited and that will be ultimately responsible for the CSR Projects undertaken.

Mayfair is committed to ensuring the social wellbeing of the communities in the vicinity of its projects and business operations through Corporate Social Responsibility initiatives.

The Board must institute a transparent monitoring mechanism for implementation of the CSR Project, programs or activities undertaken by the Company

Responsibilities of Board:

CSR Reporting:

As per the provisions of the Act, the Policy shall be disclosed on the website of the Company and the web link of the policy to be given in the Board’s Report.

Disclosure: