refinance
Slow approvals and execution has caused project delays forcing real estate developers to raise capital from non-banking financial companies (NBFC) and private equity (PE) funds to refinance previous loans, repay banks or pave the way for exits by investors. PE funds and analysts point out that developers may not judged correctly on the time required [...] Continue Reading »
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 »
While banks are being unwilling to provide real estate loans, the Reserve Bank of India has been following a cautious policy to reduce risks associated with realty sector and to ensure that the sector remains sustainable and viable over a long period of time. National Housing Bank (NHB) has also played its role in de-risking [...] Continue Reading »
The Reserve Bank of India was expected to cut the lending rate by at least 0.25 per cent while lending rate has been kept unchanged at 8 per cent. The RBI was also expected to cut CRR to introduce liquidity in financial system, but the CRR remained same at 4.74 per cent. RBI has raised [...] Continue Reading »
