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NHB funds mortgage lenders to lend loans to low-income groups

NHB funds mortgage lenders to lend loans to low-income groups
New Delhi- National Housing Bank (NHB) is planning to offer a special refinance scheme to mortgage lenders for loans to urban low-income housing groups to buy affordable houses. With this move, the housing finance regulator is likely to create a long-term market for fixed-rate housing loans and boost affordable housing. The new refinance scheme for [...] Continue Reading »

Sky-high property prices in Mumbai

Sky-high property prices in Mumbai
Mumbai, being the most expensive city of India, has the highest cost of real estate properties which compete with other Asian centers such as Singapore and Hong Kong. It has been recorded that an apartment in 28th floor, facing the Arabian Sea in Mumbai, was sold at 390 million rupees. At a present situation of [...] Continue Reading »



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