Tag: #AffordableHousing

State-Run Banks Explore New Home Loan Model for Informal Income Earners

November 12, 2024

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
Home loan

Capital India Finance Sells Housing Finance Subsidiary to Weaver Services for Rs 267 Crore

October 21, 2024

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 Legacy of Ratan Tata and Its Impact on Indian Real Estate

October 10, 2024

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
GST

No Further GST Exemption on Long-Term Land Lease: Group of Ministers

September 26, 2024

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

PMAY will build almost 18 lakh homes, according to the chief minister of Chhattisgarh.

June 3, 2024

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
Home loan

Last two years have seen an increase in home loan outstanding of Rs 10 lakh crore: RBI data – ET RealEstate

May 8, 2024

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
rera

Countrywide Promoters faces fines from Haryana RERA for deceptive advertising.

April 25, 2024

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

In two years, LIC homes hopes to quadruple the percentage of loans for affordable homes.

February 9, 2024

MUMBAI: According to a top official on Monday, LIC Housing Finance wants to more than quadruple the percentage of affordable housing loans in its loan book to 20–25 percent over the next two years. Due to internal reorganization and management changes, the insurance giant’s home financing division saw a slower rate of loan growth in […]

In two years, LIC homes hopes to quadruple the percentage of loans for affordable homes.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