External commercial borrowings (ECB)
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 »
Delhi-NCR- The state-run insurance giant which promotes its venture of LIC Housing Finance Limited is expecting to generate about Rs. 700-1,000 crore via external commercial borrowings (ECB). Various realty developers and housing finance firms were permitted to generate about $1 billion via ECBs by the Reserve Bank of India (RBI) last month to promote the affordable housing projects. According to [...] Continue Reading »
External commercial borrowings (ECBs) in the low-cost housing projects will enhance the real estate activities in the outskirts area of Mumbai. Demand for affordable low budget housing will also increase in Mumbai to avail the 1% interest subvention scheme on housing loan. The higher allotment of funds for the construction of highways and different infrastructure [...] Continue Reading »
