Latest Realty News

Odisha has seen few takers in premium housing segment: Arup Dasgupta
Aug 18, 2014
Demand for housing in Odisha is passing through a sluggish phase even as shortage of housing stock is huge in the Country when compared to the demand as a whole, says Sri Arup Dasgupta, Regional Manager (Eastern Region), LIC Housing Finance Ltd
Stock market gains will help real estate
Apr 30, 2014
MUMBAI: One of the worst-hit industries in the past three years has been real estate. Land prices have stagnated, housing demand has stagnated, commercial demand has shrunk, interest rates have gone up. The Reserve Bank of India has also implemented measures restricting access to capital for real estate firms and, at the same time, limited housing mortgage exposure for banks by assigning high risk-weights.
How to choose between bank, housing finance company
Apr 08, 2014
MUMBAI: Bringing 20 per cent of a property’s cost to the table isn’t normally easy for a home loan borrower. Then, there is an additional cost of stamp duty and house registration, easily around Rs 3 lakh for a house costing Rs 50 lakh in Mumbai.
Banks score on rates, HFCs on amount
Apr 08, 2014
MUMBAI: Bringing 20% of a property cost to the table may not always be easy for a home loan borrower. Then, there is an additional cost of stamp duty and house registration, which can easily be around Rs 3 lakh for a house costing Rs 50 lakh in Mumbai.
National Housing Bank seeks to allow lenders to get 90% property value as home loan
Apr 03, 2014
MUMBAI: The National Housing Bank is considering a proposal that seeks to allow lenders to give up to 90% of the property value as home loan. The proposal is for above Rs 20 lakh loans that carry mortgage guarantee cover.
IIFL home bonds oversubscribed
Mar 26, 2014
CHENNAI: The issuance of unsecured redeemable non-convertible debentures by India Infoline Housing Finance Limited (IIHFL), the housing finance subsidiary of IIFL Holdings Limited, has been oversubscribed 2.24 times of the base issue. Based on stock exchange data, total collections stood at Rs 224.5 crore, which is 2.24 times of the base issue.
National Housing Bank to tap $200 mn ECB window within a fortnight: RV Verma, Chairman
Mar 22, 2014
MUMBAI: The National Housing Bank (NHB), which regulates pure-play home financiers, today said it will be raising $200 million from overseas market within the next fortnight, which will ensure that home loan players meet $1 billion target of foreign fund raising in FY14.
India Infoline Home Finance launches Rs 200-crore NCD issue
Mar 11, 2014
MUMBAI: India Infoline Housing Finance (IIFL) launched a non-convertible debenture (NCD) issue today to raise upto Rs 200 crore in a six-year debt offering up to Rs 12.68 per cent yield.
Aadhar Housing Finance Forays into Gujarat
Mar 08, 2014
AHMEDABAD: Aadhar Housing Finance Limited (Aadhar), a segment focused housing finance company, today announced the launch of its operations in Gujarat to provide housing finance to the lower income segments (whose monthly income is between Rs 5000 to Rs 25000). The Company currently operates across 7 States namely Madhya Pradesh, Uttar Pradesh, Chhatisgarh, Odisha, Jharkhand, Bihar and West Bengal.
RCap net zooms up on higher margins
Feb 08, 2014
MUMBAI: Reliance Capital (RCap), the non-banking finance company of the Anil Ambani-led Reliance Group, has reported a 65 per cent increase in its net profit on a consolidated basis to Rs 166 crore for the quarter ended December, mainly due to strong performances of the housing finance and mutual fund segment.
Bad debt: Hiranandani project auction on March 3
Jan 30, 2014
MUMBAI: Housing Development Finance Corporation Ltd (HDFC) on Wednesday invited bids to auction 158 acres of Hiranandani Gardens near Chennai after the developer failed to repay a Rs 539 crore loan.
RBI Approves LIC Housing Finance Ltd's $300m ECB
Jan 27, 2014
BANGALORE: The country's third largest housing finance company, LIC Housing Finance Ltd (LIC HFL), has got approval from the Reserve Bank Of India to raise $300 million (over Rs 1,800 crore) from overseas markets through external commercial borrowings (ECBs).
HDFC mortgage business gets crowded as banks seek refuge in home loans
Jan 23, 2014
MUMBAI: Mortgage lender Housing Development Finance Corp Ltd (HDFC), loved by global investors for its steady profit growth, faces an intensifying battle for business and market share as banks aggressively push home loans.
Housing finance firms account for 2/5th of home loan market
Jan 08, 2014
KOLKATA: Housing finance companies account for almost two-fifths of the retail home loan market in the country. The home loan portfolios of mortgage lenders have also grown at a faster pace than that of scheduled commercial banks in the last few years.
DLF completes sale of 74% stake in life insurance JV to DHFL
Dec 19, 2013
DELHI: Realty firm DLF has completed sale of its 74 per cent stake in the joint venture DLF Pramerica Life Insurance to Dewan Housing FinanceBSE 0.57 % for an estimated Rs 250-300 crore.
Unitech defaults on Rs 200-crore loan from LIC
Dec 05, 2013
MUMBAI: Unitech, India's fourth largest real estate developer, defaulted on the payment of interest on a Rs 200-crore loan it had taken from Life Insurance Corporation of India (LIC) way back in 2007, joining the list of companies grappling with liquidity issues.
Finance firms bring home for everyone
Nov 29, 2013
DELHI: The housing finance industry has grown significantly both in terms of size and numbers in the last 20 years.
PEs open up new avenues
Nov 29, 2013
DELHI:The real estate sector witnessed most of the transformation in the last nine years after the Government allowed foreign players to invest in 2005.
Dewan Housing Finance gets $85 million from IFC for housing green mortgages
Nov 07, 2013
MUMBAI: World Bank group company IFC said it will extend $85 million in loan to Dewan Housing Finance for affordable and energy-efficient housing.
LIC HFL reduces home loan rates by 0.25%
Oct 23, 2013
MUMBAI: Housing finance company LIC Housing Finance (LIC HFL) today said it has reduced home loan rates by 0.25% with effect from October 15.
22nd property expo comes to an end
Oct 22, 2013
MUMBAI: Deepak Vasantrao Kesarkar – Member of Legislative Assembly, Govt of Maharashtra visited the MCHI-CREDAI 22nd Real Estate and Housing Finance Exhibition earlier today.
Housing finance sector poised for growth
Oct 17, 2013
MUMBAI: The housing finance sector is set to see higher growth in the next few years, with an increase in the demand and supply of housing projects.
Affordable housing still remains a dream home
Oct 17, 2013
MUMBAI: Rapid urbanisation and rising movement of people from rural to urban areas are leaving as many as 19 million homeless in India’s cities. With land at premium in cities, this has prompted the Government to push affordable housing projects with the RBI opening the External Commercial Borrowings (ECB) window for developers and housing finance companies to raise up to $1 billion.
Margins will be stagnant this fiscal due to high cost of funds: Tata Capital HF
Oct 05, 2013
MUMBAI: Tata Capital Housing Finance may not see much improvement in its Net Interest Margins this financial year, due to higher cost of funds and pressure from high inflation, said R Vaithianathan, Managing Director, Tata Capital Housing Finance.
Festive season offers on the cards
Sep 21, 2013
BANGALORE: The festival season is here. Navarathri begins in October, followed by Dasara and Diwali. The festive season continues till the end of the year. This period is considered auspicious for new projects, including purchase of property. Banks and housing finance companies make best use of this buoyant phase. Banks are expected to launch special schemes during the season. In the festive season, banks witnesses a growth in retail loans.

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