ART Affordable Housing Finance joins Rs 100 Cr loan disbursal per month club

By Accommodation Times Bureau MUMBAI ART Affordable Housing Finance (I) Limited (AAHF) on Thursday announced that it has crossed INR 100 Crore affordable home loan disbursal in the month of March 2018 and joining the league of Housing Finance Companies that disburse an amount of hundred crores in loans in a month. In March

Best Affordable Housing Project of the Year: 32nd National Real Estate Awards

By Accommodation Times Bureau Best Affordable Housing Project of the Year has won by Sanghvi Golden City, Atgaon, a project by Sanghvi Parsva Group of Companies, Mr. Ramesh Sanghvi, CMD, Sanghvi Parsva Group of Companies received the award from Shri. Amit Wadhwani and Miss Swati Nanda Wadhwani. The developers have provided the affordable

Punjab cabinet approves affordable housing policy

By Accommodation Times Bureau CHANDIGARH To enable affordable housing for lower income groups (LIG), the Punjab government has cleared the way for the notification of the Affordable Colony policy, 2018, on Wednesday. This is also to keep a check on the increase in a number of unauthorized colonies. The government found that most

PNB Finance plans to raise USD 400 million for affordable housing

By Accommodation Times Bureau NEW DELHI To fund affordable homes, PNB Housing Finance plans to raise $400 million via masala bonds. PNB Housing Finance is a subsidiary of Rs 11,400 crore scam-hit Punjab National Bank. According to market sources, World Bank’s arm IFC has agreed to underwrite $150 million from its own funds while

Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing

By Accommodation Times Bureau In its 25th Meeting held on 18th January, 2018, the GST Council had made several important recommendations for the Housing Sector which have come into force with effect from 25th January, 2018. The recommendations are expected to promote affordable housing for the masses in the country.   One of the important recommendations made

Prestige Estates Projects enters into deal with HDFC Capital Advisors to form affordable housing segment

By Accommodation Times Bureau MUMBAI The Prestige Estates Projects has entered into an agreement with HDFC Capital Advisors to expand its business and to support affordable housing  segment, the company release stated. This real estate platform will have a capital of Rs 25 billion and will be a blend of equity and debt. The

MHADA to tie up with pvt players to meet affordable housing target

By Accommodation Times Bureau MUMBAI The Maharashtra Housing and Area Development Corporation (MHADA) is planning to speed up the construction of affordable housing project in the state by tieing up with private builders or developers with the help of public-private partnership (PPP) models. The MHADA is also offering attractive proposal to attract builders.

Indiabulls Finance raises Rs 315 crore for affordable housing sector

By Accommodation Times Bureau NEW DELHI A home-loan provider firm, Indiabulls Housing Finance Limited (IBHFL) has raised about Rs 315 crore via masala bond, IBHFL said in a statement on Wednesday. The company stated in a statement that, the Indian currency denominated bond proceeds will be used for financing the affordable housing sector. “This

Emerging Affordable Housing Corridors in NCR

By Accommodation Times Bureau Santhosh Kumar, Vice Chairman - ANAROCK Property Consultants Exponential urbanization and tremendous employment opportunities have made NCR one of the fastest-growing regions in the country. It is the largest urban agglomeration in India, with more than 28 million urban residents (around 7.5% of overall country’s urban population). The

SBI to raise Rs 20,000 Cr through bonds for affordable housing, infra

By Accommodation Times Bureau MUMBAI To finance affordable housing and infrastructure projects through long-term bonds, The country’s largest bank State Bank of India on Wednesday said its board has indicated to raise Rs 20,000 crore. In BSE filing SBI, said, "The executive committee of the Central Board in its meeting held today has

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