Tag: #AffordableHousing

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

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

It is concerning that MHADA is charging 18% interest: Maharashtra’s deputy chief minister

November 27, 2023

NEW DELHI: The deputy chief minister of Maharashtra, Devendra Fadnavis, described the current interest rate that MHADA is collecting from developers as extremely high and said that it must be lowered in order to be comparable to that of the BMC. In order to lower the current rate of 18% compound interest to the rate […]

It is concerning that MHADA is charging 18% interest: Maharashtra’s deputy chief ministermore

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

Real Estate Conclave 2023 – The Future is Real

September 22, 2023

Niranjan Hiranandani School of Management & Real Estate (NHSMRE) Holds Its First Real Estate Conclave The Niranjan Hiranandani School of Management & Real Estate (NHSMRE) (affiliated to the HSNC University) organized its first edition of Real Estate Conclave titled “The Future is Real” at the prestigious Kishinchand Chellaram College auditorium on 8th September 2023. The […]

Real Estate Conclave 2023 – The Future is Realmore