RBI issues circular to all NBFC on financing for Housing Projects

By Prashant Chaubey In conformance with the Honourable High Court of Judicature at Bombay observations, the Reserve Bank of India (RBI) on 6th May 2010, through a circular advised all Non-Banking Finance Companies of the country granting finance to housing / development projects that they should insist on disclosure of

Will the anguished home buyer return to under-construction properties?

By Nibodh Shetty, Consultant - Research, Knight Frank India The government has been trying hard to bring back buyer confidence for committing to under-construction properties by asking states to implement RERA, which would safeguard the buyer’s interests. Maharashtra has been the first state in India to have implemented RERA by notifying

Inditrade plans to enter into housing finance seg

By Accommodation Times Bureau NEW DELHI Intend to promote affordable housing, the Inditrade Capital a Financial Services firm proposes to enter into housing finance segment. Sudip Bandyopadhyay, Chairman, Inditrade Group of Companies said, "We have applied for the licence. The applications are filed with the regulator National Housing Bank and we are awaiting

HUDCO’s experience is advantage for development of smart cities: Puri

By Accommodation Times Bureau NEW DELHI Hardeep Puri, Minister of Housing & Urban Affairs has urged HUDCO on Wednesday to expand its activities and cover a large number of stakeholders under its lending operations by taking up innovative projects to accelerate the pace of investment in housing & urban infrastructure realizing the

Bajaj Finserv Lowers its Home Loan Interest Rates to 8.30%

By Accommodation Times Bureau Pune Bajaj Finserv, offers home loans at an interest of 8.30% for a loan amount above Rs. 50 lakhs, in its limited period offer. The Offer can be availed by salaried individuals residing in cities like Bangalore, Mumbai, Chennai, Hyderabad, Delhi and Pune. Homebuyer seeking a loan or home loan balance

HEFA approves projects of Rs. 2,066 Crore to six IITs

By Accommodation Times Bureau For providing additional funds for research and related infrastructure, Higher Education Funding Agency (HEFA), has started its operations. The HEFA Board had held its 2nd meeting today and approved projects for Rs. 2,066.73 Cr for six institutions – IITs Bombay, Delhi, Madras, Kharagpur, Kanpur and NIT Suratkal.