National Housing Bank
A number of measures have been announced by the NDA government, in Budget 2014-15, to give a boost to the realty sector and trigger a much-required turnaround. Some of the main steps announced in that direction include Rs 7,060-crore allocation for developing 100 smart cities; reducing the size of projects eligible for FDI from 50,000 [...] Continue Reading »
Giving the housing sector a boost, Union Finance Minister Arun Jaitley has proposed in the Budget 2014-15 deduction limit on account of interest on loan with regard to self-occupied house property has been increased from Rs 1.5 lakh to Rs 2 lakh. In reference to the proposed move, Jaitley said that the high cost of [...] Continue Reading »
The housing prices have fluctuated a lot in the country in the last decade. The Economic Survey which quoted the residential index (RESIDEX) prepared by the National Housing Bank for 26 major cities have come up with some interesting data. Housing prices have increased in 24 major cities of the country between 2007 and 2013. [...] Continue Reading »
Housing and Urban Poverty Alleviation Minister M. Venkaiah Naidu prefers the public-private partnership (PPP) and corporate social responsibility (CSR) to achieve the NaMo government’s dream of ‘’housing for all’’ by 2020. By the 75th Independence Day in 2022, the Modi government wants to fulfil this dream of providing the urban poor with a house with all the [...] Continue Reading »
According to the National Housing Bank, important cities such as Delhi and Mumbai have experienced a price rise of about 7.1%. This has occurred within the months of January to March 2014. The reason for this is the surge in demand. Seeing the recent updates of the NHB Residex, one can see price rise in [...] Continue Reading »
Most of the middle class people save all their lives to invest in their dream home. For most it is the utmost security. With rising economy and availability of jobs in MNCs, the salaries have seen an upward trend in the last decade. With the emergence of IT and ITES in India, double income families [...] Continue Reading »
If there was anything one could take away from BJP’s election manifesto, it was low-cost housing, thanks to the several mentions in the document. It has now become known that the government may likely grant low-cost housing the status of infrastructure to ensure increased development. An infrastructure status would enable real estate developers to avail [...] Continue Reading »
On Wednesday, domestic brokerage Motilal Oswal said that it is undertaking into the home finance space. The initial capital being R100 Crore. Aspire Home Finance Corporation (AHFC), which is promoted by the Motilal Oswal Group, obtained a certificate of registration from sector regulator National Housing Bank (NHB). This was to start off with operations as [...] Continue Reading »
In association with banks, The NHB will come up with a rating for housing projects to help buyers make informed decisions. Mr. RV Verma, NHB Chairman and Managing Director, says that they require Reserve Banks approval to launch the NHB-IBA rating for real estate projects. They are hoping to launch the rating soon. But they [...] 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 »
