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Housing

Tatas Plan $8-billion Infra Push

Tatas Plan $8-billion Infra Push
After the country’s coming elections that will lead to a new wave of infrastructure development, Chairman of the Tata Group, Cyrus Mistry, is scheduling to spend at least $8 billion in building roads, airports and housing, betting a stable administration. In December 2012 after Ratan Tata’s two decades at the helm, Mistry, 45, took over [...] Continue Reading »

Rs 200-cr NCDs launched by India Infoline Home Finance

Rs 200-cr NCDs launched by India Infoline Home Finance
The investors’ demand for non-convertible debentures (NCDs) remains high as s companies offer high coupon rates. In 2013-14, around Rs 33,842 crore have been raised by companies through NCDs and tax-free bonds, almost twice the amount of Rs 16,982 crore companies raised in 2012-13. In the current year, tax-free bonds have been high in demand [...] Continue Reading »

Housing loans at 9.35% by DHFL Housing

Housing loans at 9.35% by DHFL Housing
DHFL Housing Finance plans to offer housing loans at 9.35 per cent interest for 7 years fixed loans up to Rs 15 lakh. The offer is under the National Housing Bank’s Refinance Scheme of Rural Housing Fund. In a release, R Nambirajan, Managing Director, DHFL Housing Finance, informs that from February 1, NHB has reduced [...] Continue Reading »

Govt keen on improving infrastructure: Bhalla

Govt keen on improving infrastructure: Bhalla
Mr. Raman Bhalla, minister for Housing, Horticulture, Culture and Youth Services and Sports said the government was making efforts to provide modern infrastructural facilities across the state. As the Union Government had provided liberal funds under various sectors, there was no constraint of money for this purpose, he mentioned. For the construction of subways, illumination [...] Continue Reading »

Acumen to invest $8 m in low-income housing

Acumen to invest $8 m in low-income housing
A New York-based not-for-profit venture fund, Acumen Fund plans to make its first investment in the low-income housing space in India. Karuna Jain, a senior portfolio associate of Acumen Fund informed that the fund plans to invest up to $8 million (nearly Rs.50 crore) in India in 2014, of which around $2 million will be [...] Continue Reading »

Mumbai’s rapid urbanization to boost real estate industry

Mumbai’s rapid urbanization to boost real estate industry
As per “Real Estate 2020: Building the future”, a new report from PwC Mumbai, the  rapid urbanization and demographic changes, especially within emerging markets, will lead to substantial growth in the real estate investment industry over the next six years. It also said that with the growth of industry’s opportunities, the assets invested into the sector will also [...] Continue Reading »

Study shows 62 mn houses needed to ensure a home for all

Study shows 62 mn houses needed to ensure a home for all
Alternative methods of providing a home to them need to be implemented in urban areas to provide housing to EWS (economically weaker section) and LIG (low income group) categories. Cushman & Wakefield and Credai conducted a study, Housing: The Game Changer, according to which, 62.45 million units need to be built to fill the demand [...] Continue Reading »

Haryana govt invites suggestions on realty regulatory draft Bill

Haryana govt invites suggestions on realty regulatory draft Bill
Gurgaon- In order to establish the Haryana Real Estate Regulatory Authority (HRERA) for regulation and planned development of the realty sector, the Haryana Town and Country Planning Department has invited suggestions on The Haryana Real Estate (Regulation and Development Bill-2013). The Authority would regulate properties of over 1000 square meters or projects consisting over 12 [...] Continue Reading »

NHB reports on housing trend in 11 cities

NHB reports on housing trend in 11 cities
New Delhi-  A report  by National Housing Bank ( NHB) showed the real estate  housing trend in 11 cities which included Bangalore and Kolkata. These cities witnessed a decline of about 5 percent  from July-September meanwhile the other 9 cities saw an increase of about 10 percent. The highest price rise of 10.1 percent was witnessed [...] Continue Reading »

Metros apt for renting rather than buying

Metros apt for renting rather than buying
Delhi/NCR- Most home buyers are quite baffled whether to buy or rent a home in a metro city. However, the increased costs of the property in prime areas along with the suburbs have made  housing a difficult option in metropolitan cities especially for the middle income class. According to various analysis based on rental and property values [...] Continue Reading »



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