Category: Housing Finance

Sebi approves Aadhar Housing Finance’s Rs 5,000 crore initial public offering.

April 11, 2024

NEW DELHI: According to an update filed with the markets regulator on Monday, Aadhar Housing Finance Ltd., supported by prominent private equity firm Blackstone, has been given the go-ahead by Sebi to raise Rs 5,000 crore through an initial public offering (IPO). According to the Draft Red Herring Prospectus (DRHP), the proposed IPO consists of […]

Sebi approves Aadhar Housing Finance’s Rs 5,000 crore initial public offering.more

Stable Repo Rates to Keep Residential Momentum Going

April 5, 2024

Anuj Puri, Chairman – ANAROCK Group With the fundamentals of the Indian economy remaining strong despite all global headwinds and inflation well under control, the RBI once again decided to keep the repo rates unchanged at 6.5%, thus extending the festive bonanza that it gave to the homebuyers in its last two policy […]

Stable Repo Rates to Keep Residential Momentum Goingmore

Report: 71% of house loans in Gujarat were taken out in Q3FY24.

February 24, 2024

AHMEDABAD: With the dramatic increase in home loan disbursals and the number of applicants, many people in the state are starting to fulfill their dream of owning the house of their dreams. D emand for homes in both the budget and luxury categories has been fueled by rising disposable incomes and increased aspirations. According to […]

Report: 71% of house loans in Gujarat were taken out in Q3FY24.more

Sources: Aadhar Housing Finance aims for an India IPO of $600 million.

February 1, 2024

MUMBAI: Aadhar Housing Finance, an Indian home loan firm owned by Blackstone, is aiming for a $600 initial public offering (IPO) valued between $500 million and $3 billion, according to two individuals with firsthand knowledge on Tuesday. Aadhar was purchased by private equity firm Blackstone in 2019 for roughly $300 million as a result of […]

Sources: Aadhar Housing Finance aims for an India IPO of $600 million.more

If a development impacts public safety, it cannot be allowed to relax development rules: Mumbai HC

January 31, 2024

MUMBAI: When the Bombay High Court ordered the removal of seven mechanized cantilever car parking spots (also known as stack parking) built in a residential structure here, it stated that relaxation of development laws cannot be allowed if it negatively impacts public safety. The housing society in Borivali’s stacked parking system seriously jeopardized everyone’s safety, […]

If a development impacts public safety, it cannot be allowed to relax development rules: Mumbai HCmore

A Rs. 25,000 fine has been imposed on ICICI Home Finance for failing to execute a loan application for three years.

January 15, 2024

NAMAKKAL: A man has been ordered by the Namakkal District Consumer Disputes Redressal Commission (NCDRC) to receive Rs 25,000 from ICICI Home Finance for the three years that the company neglected to execute his loan application. In January 2019, R Murugesan, 46, a resident of Kothur near VG Patty in the district and a worker […]

A Rs. 25,000 fine has been imposed on ICICI Home Finance for failing to execute a loan application for three years.more

Due to incomplete reports, MahaRERA suspends the registration of 248 projects.

November 21, 2023

MUMBAI: Due to the failure to update their quarterly progress reports, MahaRERA has suspended the registration of 248 projects, including three MHADA projects in Pune and Beed that were registered in February of this year. In a similar vein, the failure to update quarterly project reports may result in the suspension of 224 projects that […]

Due to incomplete reports, MahaRERA suspends the registration of 248 projects.more

After the RBI eliminates the CoR, Indian Bank will close down Ind Bank Housing.

October 28, 2023

CHENNAI: Following the RBI’s cancellation of the Housing Finance Company’s certificate of registration (CoR), the public sector Indian Bank would wind up its subsidiary Ind Bank Housing Ltd (HFC). Reporters in Chennai were informed on Thursday by Indian Bank MD & CEO SL Jain that Ind Bank Housing has not operated for the last 20 […]

After the RBI eliminates the CoR, Indian Bank will close down Ind Bank Housing.more

Ummeed Housing Finance receives a $20 million loan sanctioned by US International DFC.

October 18, 2023

In order to meet the housing needs of the economically disadvantaged and middle-class people, the US International Development Finance Corporation (DFC) has approved a $20 million long-term loan for Gurgaon-based Ummeed Housing Finance. According to Ashutosh Sharma, the founder and managing director of Ummeed, the American fundraising organization will offer the debt at a fixed […]

Ummeed Housing Finance receives a $20 million loan sanctioned by US International DFC.more

After loan repayment, deliver title documents to borrowers: RBI

September 26, 2023

NEW DELHI: All banks, non-banking financial institutions, housing financing businesses, asset reconstruction organizations, and others have been ordered by the Reserve Bank of India (RBI) to produce property documentation within 30 days after repayment. “Upon receiving full repayment and closing of the loan account, regulated enterprises (REs) are required to release all documentation pertaining to […]

After loan repayment, deliver title documents to borrowers: RBImore

Category: Housing Finance

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