Affordable Housing
The real estate industry is dancing a new tune ever since the new incoming government has been elected. There are many consultants and builders that have put forth statements in the days gone by suggesting low and affordable homes for all. Taking a look at the manifesto led by the Bharatiya Janata Party, the Team [...] Continue Reading »
Everyone needs a roof over the head, not just the ones who can shell out big bucks. When we look at a home, we look at it as an investment and one that would be affordable, emancipating decent living and conditions too. Assocham now speaks out in favor of affordable housing, and wants measures for [...] Continue Reading »
The developers in Pune are not deterred by economic slowdown and high interest rates. They are launching a series of projects in high-end, aspirational and affordable housing categories. Mayank Ruia, head of residential business at Phoenix Mills said that the fact that the city is a hub for investment and industry makes it one of [...] Continue Reading »
Dewan Housing Finance Corporation (DHFL) is looking to tap Maharashtra’s semi urban and rural market for housing finance lending business. DHFL, a private housing finance company, has around 11,000 customers in and around Pune with a portfolio size of Rs 1,000 crore. Rakesh Makkar, president & chief distribution officer, DHFL points out that Pune is [...] Continue Reading »
Being developed in association by mortgage regulator National Housing Bank and Indian Banks’ Association Greenfield housing projects will soon come under a new rating system. The whole idea of rating intended to encourage lenders to give loans at discounted rates to individuals buying units in projects rated highly by NHB-IBA. It will in turn encourage [...] Continue Reading »
Kerala-based gold loan firm Manappuram Finance has diversified with the acquisition of Milestone Home Finance Company from Jaypee Hotels. VP Nandakumar, MD & CEO of Manappuram Finance informed that entire acquisition would cost the company Rs 10 crore. He added that the acquisition would result in diversification of the group into home finance. The group’s [...] Continue Reading »
Aadhar Housing Finance Ltd announced launch of its operations in Gujrat. The company will provide housing finance to the lower income segments whose monthly income is between Rs. 5,000 and Rs. 25,000. Currently, the company operates in seven states. Kapil Wadhawan, Chairman informs that it has begun operations in Gujrat with nine branches. Adhar housing [...] Continue Reading »
To stop the increasing slums in national capital and to replace them with the affordable housing for those who belong to weaker section is a major promise made by all political parties for the coming elections. Even after the completion of this project, houses are not allotted to their rightful owners. With the model code [...] Continue Reading »
Housing Development Finance Corporation (HDFC) raised $300 million via external commercial borrowings (ECB). The amount was raised under the affordable housing scheme of the Reserve Bank of India. ECB loans carry a lower rate of interest and are raised abroad. The RBI has allowed housing finance companies to tap external sources of financing to enable [...] Continue Reading »
With most of the banks concentrating on funding the mainstream infrastructure projects, the National Bank for Agriculture and Rural Development (NABARD) is exploring the feasibility of supporting development of micro-infrastructure in villages. To work on developing the micro-infrastructure projects in villages in areas such as bore-wells, sanitation, electrification (solar/ biogas/ windmill), warehouse to store farm [...] Continue Reading »
