National Housing Bank will Refinance Individual Housing Loans of about Rs. 20,000 Crore in 2017-18

By Accommodation Times Bureau The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today said that affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits. The National Housing Bank (NHB) will refinance

Irrelevance of National Housing Bank

            By Shri. Murari Chaturvedi, Editor-in-Chief, Accommodation Times National Housing Bank (NHB) was created to cater the needs of Housing Industry has lost its relevance in housing finance sector. The NHB is headless as it has no Chairman from more than 6 months. NHB is giving loans to other housing finance companies

National Housing Bank has invested in Mahindra Rural Housing Finance, rights issue

By Accommodation Times News Service The National Housing Bank (NHB) an existing shareholder in Mahindra Rural Housing Finance Ltd has invested in the company’s Rights issue. R. V. Verma, Chairman and Managing Director said, the national housing bank besides its supervisory role also has a strong developmental role with respect to

Role of National Housing Bank in Reverse Mortgage

By Accommodation Times News Service Contd from 1st part... NHB Foray’s into the field of securitization INITIATIVES OF THE GOVERNMENT OF INDIA Support to Mortgage Backed Securitization has been a major policy initiative of the Government     as manifested in its National Housing and Habitat Policy announced in 1998. The policy has enjoined upon National

Role of National Housing Bank in Securitization in Reverse Mortgage

          By Accommodation Times News Service Securitization is a complex series of financial transactions designed to maximize cash flow and reduce risk for debt originators. This condition arises when assets, receivable or financial instruments are acquired, classified into pools, or offered as collateral for third party investment, after which financial instruments are

National Housing Bank to introduce covered bonds

By Accommodation Times News Service National Housing Bank (NHB) is now very keen to introduce covered bonds and promote other market solutions for the mortgage lending business. The decision follows the recent report of the working group on introduction of covered bonds. NHB is expecting housing finance companies with strong balance

ROLE OF NATIONALISED BANKS IN THE HOUSING FINANCE IN INDIA

BACKGROUND Indian financial system is broadly classified in to two groups : 1. Organised sector Unorganised sector The financial system is also divided into users of financial services and providers. Financial institutions sell their services to households, business and government who are the users of financial services. The providers of financial services are: Central bank

Haryana Housing Board to Float over 7,500 Affordable Flats

By Accommodation Times Bureau CHANDIGARH Aiming to extend residential facilities to all, Haryana Housing Board has decided to float 7,578 flats among families belonging to Economically Weaker Sections (EWS) and Below Poverty Line (BPL) in its 21 estates in the state. The offer of allotment will commence on June 27 and will continue up

Constructive Move to Accomplish Goal of ‘Housing for All by 2022’: Dr Niranjan Hiranandani

By  Dr. Niranjan Hiranandani, CMD, Hiranandani Communities MUMBAI Recently, the Reserve Bank of India (RBI) announced a policy decision, revising housing loan limits for Priority Sector lending (PSL) eligibility, from the existing Rs. 28 lakh to Rs. 35 lakh in metros, and from Rs. 20 lakh to Rs. 25 lakh in other