LIC Housing Finance
In a recent decision, the New Delhi District Consumer Disputes Redressal Forum has asked Life Insurance Corporation Housing Finance Ltd to pay an amount of Rs 2.3 lakh in compensation to two doctors for the loss of their documents. The documents lost by LIC Housing Finance were submitted by two Delhi-based doctors – Dr Mukesh [...] Continue Reading »
After the recent money policy was introduced, some companies and banks are offering 10.5 % interest rates on deposit schemes. The banks have even revised their Fixed Deposit (FD) rates and the investors are happy to see an upward trend. This move is taken in order to tap money from the retail investors and raise [...] Continue Reading »
One of the most important financial holding companies in India; manned and operated by the Larsen & Toubro group is L&T finance holdings, which has aims and ambitions for the country at large. Sources from the company say that the venture plans to become a bank, with an ambition that would show how the incoming [...] Continue Reading »
In the past three years, real estate has been one of the worst hit industries. It has suffered due to various reasons — land prices have stagnated, housing demand has stagnated, commercial demand has shrunk, interest rates have gone up. Access to capital for real estate firms has been restricted by RBI and other factor [...] Continue Reading »
LIC Housing Finance’s first real estate fund invests in four residential projects in Bangalore, Pune
As per the report, LIC Housing Finance Ltd which is a part of life insurance giant Life Insurance Corporation of India (LIC), has invested Rs 50-70 crore in each transaction from its Rs 530 crore real estate investment fund that it raised in March last year. The fund, named as ‘LICHFL Urban Development Fund’, has [...] Continue Reading »
Recently RBI extended the deadline for the National Housing Bank (NHB) to raise funds through the external commercial borrowing (ECB) route, by six months. The central bank had allowed NHB and housing finance companies to collect funds up to$1 billion through this route to finance affordable housing loans up to Rs 25 lakh. Mr. RV [...] Continue Reading »
The biggest advantage of purchasing a property on your wife’s name does not only impress the family, being seen as a trendsetter in a patriarchal society but the main strawberry part is that you might shear off 1-2 per cent of the property value. Women buyers get discount on stamp duty by some state governments [...] Continue Reading »
Tata Housing Finance has announced lower rates for women home loan borrowers. The company competes with various financial institutions which offer special loans for women. The company issued a statement that for loan up to 40 Lakhs the rates will be 10.15% for women, while for other borrowers it will be 10.45%. The company stated [...] Continue Reading »
Now, investors are shifting bases from current projects to new positions in real estate sector. This is happening even when a few luxury housing projects were sold off within days of their launch. Over the past three months, stocks of real estate companies have come up to 30-50% thinking that declining interest rates will help [...] Continue Reading »
LIC Housing Finance, a subsidiary of Life Insurance Corporation of India (LIC), plans to disburse around 8-10 per cent of its total loan portfolio to developers by the end of this fiscal. Presently, around 6 per cent of the NBFC’s total loan portfolio constitutes of developer loan. By the end of June quarter, LIC HF’s [...] Continue Reading »
