March 12, 2025: The National Housing Bank (NHB), a statutory body under the Government of India has released the Report on Trends and Progress of Housing in India, 2024 pursuant to provisions of Section … READ FULL STORY
Launched in 2015, the Pradhan Mantri Awas Yojana (PMAY) is in Phase 2 now. In this phase, the centre has taken up an aim of constructing 3 crore houses under the PMAY by 2029 … READ FULL STORY
Buying a home is a significant financial decision, and choosing the right lender can make all the difference. Homebuyers in India can secure loans from either banks or housing finance companies (HFCs), but each … READ FULL STORY
January 23, 2024: SMFG Grihashakti, one of the leading players in the affordable housing finance space in India, has successfully secured long-tenor funds amounting to Rs 300 crore from the National Housing Bank (NHB). … READ FULL STORY
June 9, 2023: Property prices rose in 43 of 50 cities during the January-March period of 2023 when compared to the same period last year, data released by the National Housing Bank on June 8 … READ FULL STORY
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented ‘Amrit Kaal’s’ first Union Budget before the Parliament on Wednesday, the 1st of February. The union budget for 2023 is expected to … READ FULL STORY
The Reserve Bank of India (RBI) on Monday, October 31, imposed a monetary penalty of Rs 5 lakh on LIC Housing Finance Ltd for non-compliance with certain provisions of National Housing Bank (NHB). The non-banking … READ FULL STORY
Nearly three months after his company received an approval by the insolvency tribunal to complete the takeover, billionaire Ajay Piramal has completed the takeover process of embattled Dewan Housing Finance Corporation (DHFL), Piramal Group … READ FULL STORY
With an aim to address the non-availability of long-term finance to individual households that impeded the progress of the housing sector in India, the central government, in the Union Budget for 1987-88, announced that … READ FULL STORY
A home loan is taken for the purpose of either buying a ready-to-move-in house or for the purpose of booking an under-construction property. Home loans are available for residential, as well as commercial properties. … READ FULL STORY
From the zamindari system in 1947 to the Affordable Rental Housing Complexes scheme (ARHC) in 2020, the Indian real estate sector has come a long way. In fact, the past few years have witnessed … READ FULL STORY
Reserve Bank of India (RBI) governor Shaktikanta Das, on February 24, 2020, said that slowing credit growth was one of the major challenges that banks were currently facing. So far this year, credit growth … READ FULL STORY
HDFC chairman Deepak Parekh, on January 28, 2020, said that they were talking to the regulators and the Finance Ministry, on a one-time restructuring of loans for realty projects. “We have requested the NHB … READ FULL STORY
