Category: Housing Finance

MahaRERA edicts to appoint only skilled labours for quality construction.

December 6, 2019

MahaRERA will now allow only skilled workers at construction sites to ensure quality construction and prevent accidents. The workers will also benefit from insurance coverage for their family members. The MahaRERA has already started to recruit employers’ organizations and also ensuring that the workers do not lose their wages for the day. “The process of […]

MahaRERA edicts to appoint only skilled labours for quality construction.more

RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.

The real estate developers expressed disappointment at the decision of the Reserve Bank of India to maintain the status quo on policy rates in its fifth bi-monthly monetary policy review of the financial year. The Reserve Bank of India since February has reduced interest rates by cumulatively 135 basis points in five consecutive reductions in […]

RBI disagrees to change the repo rate, real estate developers show disappointment to the decision.more

Noida standing committee will assess the zero-period waiver to determine the relief to be paid to homebuyers.

December 5, 2019

A permanent committee of the Greater Noida Industrial Development Authority (GNIDA) and Noida Authority would assess all housing projects that seek a zero-period waiver and determine the amount to be exempted from each developer. It would rely on this particular estimate to determine how much relief would be extended to home buyers. The zero-period policy, […]

Noida standing committee will assess the zero-period waiver to determine the relief to be paid to homebuyers.more

The promoters of Dewan Housing Finance have given personal guarantees to more than Rs. 80,000 crore of loans.

December 4, 2019

In the books, filings and the annual report for March 2019 the promoters of the Dewan Housing Finance have given more than Rs. 80,000 crore personal guarantees of loans. Personal guarantees cover various borrowings and include guarantees on Rs. 42,344 crore secured non-convertible debentures, Rs. 31,975 crore worth bank term loans, Rs. 2,435 crore NHB […]

The promoters of Dewan Housing Finance have given personal guarantees to more than Rs. 80,000 crore of loans.more

Nine developers and MHADA held a meeting to negotiate the costing of Patra Chawl redevelopment project.

November 29, 2019

The 672 tenants of Patra Chawl’s redevelopment project in Goregaon get a ray of hope for the first time since their homes were demolished in 2010. On 27 November, nine private developers who bought the land from Housing Development and Infrastructure Limited (HDIL) in the 42-acre redevelopment plan, met with officials from the Maharashtra Housing […]

Nine developers and MHADA held a meeting to negotiate the costing of Patra Chawl redevelopment project.more

Investment: How to avoid stalled project risk and evaluate the financial health of a developer’s project?

Despite India’s property sector being subjected to delayed and stalled housing projects, home buyers are in the need of checking the financial health of a builder, so as to prevent any uncertainty about its completion. “To avoid risks later it is extremely important for a buyer to verify a project’s financial health. See the company […]

Investment: How to avoid stalled project risk and evaluate the financial health of a developer’s project?more

DHFL write-offs will hit Indian Banks by Rs 36,000 crore.

November 22, 2019

India’s sudden takeover of a struggling Indian shadow bank will not stop its lenders’ troubles, faced with the risk of significant write-offs if a fraudulent account is reported to Dewan Housing Finance Corp. If the KPMG report absolves Dewan of irregular lending, then only around Rs 5,500 crore of provisions would be needed. Dewan has […]

DHFL write-offs will hit Indian Banks by Rs 36,000 crore.more

Tata Capital Housing Finance (TCHF) raised Rs.1000 crore from LIC of India.

November 19, 2019

Life Insurance Corporation, India’s biggest insurer, has invested Rs 1000 crore in Tata Capital Housing Finance (TCHF). Three people with direct knowledge said this, in the wake of signs that the debt market is improving. More than a year ago, the infrastructure giant IL&FS induced a financial crunch that kept the most powerful domestic institutional […]

Tata Capital Housing Finance (TCHF) raised Rs.1000 crore from LIC of India.more

The government is working on reviving the real estate sector, says Nirmala Sitharaman.

November 6, 2019

On Tuesday, Finance Minister Nirmala Sitharaman flagged concerns about the real estate sector problems, saying that much attention is needed in the ailing industry. “The Indian Government is extremely committed to and works with RBI to see how best we can change existing legislation, where it is required, and assist the people in this particular sector […]

The government is working on reviving the real estate sector, says Nirmala Sitharaman.more

IOB will e-auction more than 500 properties spread across different cities.

October 17, 2019

More than 500 properties worth over Rs 800 crore located in Chennai, Coimbatore, Mumbai, Kolkata, Delhi, Bengaluru and Hyderabad will be sold through digital auction by the public sector bank India Overseas Bank (IOB). On 21 October 2019 and 30 October 2019, the mega e-auction will take place. For the e-auction, the public sector bank has associated with […]

IOB will e-auction more than 500 properties spread across different cities.more

Category: Housing Finance

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