Ummeed Housing Finance may raised Rs 135 Cr in three round of funding

By Accommodation Times Bureau The Ummeed Housing Finance an affordable housing finance firm in its three rounds will have raised an approx Rs 135 crore in funding. In its latest round of funding, it raised Rs 72 crore. The firm brought on board impact investor LGT Impact and also Lok Capital participated

Govt hikes small saving interest rates

By Accommodation Times Bureau NEW DELHI The government on September 20 has announced the rates of interest on various Small Savings Schemes for the Third Quarter of the Current Financial Year 2018-19 starting October 1, 2018, and ending on December 31, 2018. On the basis of the decision of the government, the interest

Customers using high-end mobile phones ready to pay average 20% more rent in India

By Rohit Sharma MUMBAI Customers using the phone which cost over Rs 50,000 would be willing to pay 20% higher rent with an average budget of Rs 25,000 per month, according to a study conducted by two real estate web portal. Data from the study suggest that on average, “A user with a

India commences first-ever three-way bank amalgamation process

By Accommodation Times Bureau NEW DELHI The Union Finance Minister Arun Jaitley and Cabinet Ministers, Piyush Goyal and Nirmala Sitharaman on September 17 decided that Bank of Baroda, Vijaya Bank and Dena Bank may consider amalgamation of the three banks. According to the Ministry of Finance, ‘The envisaged amalgamation will be the First-ever

MoHUA established ‘Housing for All – Knowledge Lab’ for information

By Accommodation Times Bureau NEW DELHI In pursuance of the vision of Government of India to facilitate "Housing for All by 2022", the Ministry of Housing and Urban Affairs have taken several steps to implement the housing projects under Pradhan Mantri Awas Yojana (Urban).  In this regard, knowledge in various thematic areas

Aavas Financiers Ltd IPO opens on Sept 25, fresh issue of share comprises worth Rs 4,000 million

By Rohit Sharma MUMBAI A housing finance firm, Aavas Financiers Limited proposes to open on September 25, 2018, an IPO of equity shares of Face Value of Rs. 10 each Equity Shares for cash at a Price per Equity Share (including a Share Premium) offer comprising a fresh issue of up to Rs.

Bajaj Finserv: Customised Loans for MSME and SMEs With Minimal Documentation

By Accommodation Times Bureau Bajaj Finance Ltd, the lending arm of Bajaj Finserv, offers SME and MSME segment a customised Business Loans with simple eligibility criteria and minimal documentation. SMEs and MSMEs can borrow loan up to Rs. 30 Lakh by submitting their registration certificate of the company and previous year income tax

Surbana Jurong – Mitsubishi Corporation to Set up Rs 3,500 Cr Fund Management Company

US$500M Fund to Invest in Urban Development and Infrastructure Projects in Emerging Asia By Accommodation Times Bureau Surbana Jurong Capital, the newly established financial services arm of Surbana Jurong and Mitsubishi Corporation on September 14 signed an agreement to set up a fund management company (FMC). The FMC will be a 50:50

Haryana Housing Board to construct 1,700 flats for BPL & EWS, registration ends on Sept 19

By Accommodation Times Bureau CHANDIGARH In order to realize the Prime Minister, Narendra Modi’s vision of housing for all, Haryana Housing Board is going to construct 1719 flats for people belonging to Below Poverty Line (BPL) and Economically Weaker Sections (EWS) in developed townships/colonies of Gurugram town. In addition, Board has already floated

Concessional home loan for flood-affected Kerala by SBI, LIC Housing offer

By Accommodation Times Bureau NEW DELHI In a move to help Kerala flood-affected people, SBI, LIC and Muthoot on August 23, has offered loan at concessional rate for and renovation of homes. The special term loan at 8.45% for the borrowing of up to Rs 10 lakh for repairing and renovating homes will