MUMBAI: In a significant relief to over 35 former mill workers of the Bombay Dyeing Mill, the Bombay High Court has stayed the allocation of 80 transit tenements within an MHADA project arising from the redevelopment of the mill land at Prabhadevi and Wadala. The court’s decision follows a petition filed by a group of […]
Bombay High Court Halts Allocation of 80 Transit Flats by MHADAmore
The Asian Development Bank (ADB), a multilateral funding agency headquartered in Manila, has pledged USD 70 million (approximately ₹595 crore) to Vastu Housing Finance to support affordable housing initiatives. This funding will help improve access to sustainable and affordable housing loans for underserved borrowers, with 15% of the funds dedicated to first-time homeowners, according to […]
ADB Pledges $70 Million to Vastu Housing Finance to Boost Affordable Housing.more
MUMBAI: Major state-owned banks have begun preliminary discussions to evaluate the potential for offering home loans to individuals lacking traditional income documentation, employer certificates, or tax returns. Unlike standard disbursements under ‘affordable housing’ initiatives, this new approach would assess applicants’ income through unconventional means, such as examining the transaction activity of a street vendor via […]
State-Run Banks Explore New Home Loan Model for Informal Income Earnersmore
Capital India Finance Ltd (CIFL), a small-cap NBFC focusing on MSMEs, has sold its housing finance subsidiary, Capital India Home Loans Limited (CIHL), to Weaver Services Private Limited for Rs 267 crore, as stated in a company filing to the stock exchanges. Weaver Services is supported by a team of former HDFC employees. To fund […]
Capital India Finance Sells Housing Finance Subsidiary to Weaver Services for Rs 267 Croremore
The passing of Ratan Tata, one of India’s most influential business leaders, would mark a turning point for the country’s corporate world. His influence extended far beyond the Tata Group, shaping sectors like IT, steel, and automotive, but his contributions to real estate are equally noteworthy. Ratan Tata’s vision for affordable and sustainable housing has […]
The Legacy of Ratan Tata and Its Impact on Indian Real Estatemore
PANAJI: During the fourth meeting of the Group of Ministers (GoM) on boosting the real estate sector, held in Goa, a decision was made not to grant any additional exemptions on Goods and Services Tax (GST) for long-term land leases by private entities. Sector-specific exemptions, such as those for tourism, were also ruled out. Goa […]
No Further GST Exemption on Long-Term Land Lease: Group of Ministersmore
Anuj Puri Anuj Puri, Chairman – ANAROCK Group The early trends and the exit polls for the recently concluded elections for the 18th Lok Sabha elections anticipated the continuity of ongoing policies by the incumbent government. The real estate sector also seeks an assurance of predictability for this reason. Over the last two terms, the […]
Elections 2024 – Real Estate Looks Forward to Policy Continuitymore
BALOD: On Monday, Chhattisgarh Chief Minister Vishnu Deo Sai addressed future goals and emphasized the administration’s accomplishments after the election code of conduct is lifted. Sai stressed his dedication to growth and pledged to meet public demands after the model code of conduct-related limitations expires, despite the limitations imposed by the recent election period. Chhattisgarh […]
PMAY will build almost 18 lakh homes, according to the chief minister of Chhattisgarh.more NEW DELHI: According to RBI data on “Sectoral Deployment of Bank Credit,” credit outstanding to the housing industry increased by around Rs 10 lakh crore over the previous two fiscal years to reach a record Rs 27.23 lakh crore in March of this year. This increase in outstanding home credit was ascribed by real estate […]
Last two years have seen an increase in home loan outstanding of Rs 10 lakh crore: RBI data – ET RealEstatemore
According to an official, Countrywide Promoters Private Limited has been fined Rs 50 Lakh by the Gurugram court of the Haryana Real Estate Regulatory Authority (HRERA) for releasing a deceptive newspaper advertisement about its real estate project, Green Oaks. The official further stated that the promoter received a show-cause notice from the government after it […]
Countrywide Promoters faces fines from Haryana RERA for deceptive advertising.more
