Subvention Schemes – A Win-Win For All

By Mr.Kaizad Hateria, Brand Custodian & Chief Customer Delight Officer, Rustomjee Group Practically every new project being launched by real estate majors usually advertises a subvention scheme. Welcome to the new age way of buying a home – through subvention. For the uninitiated, subvention literally means ‘provision of assistance or financial

Redevelopment of Societies not subject matter of RERA

By Dr. Sanjay Chaturvedi LLB, PhD Muralidhar Mahadeo Prabhu V/s G A Builders Pvt Ltd.( CC00600000000-12265) Order dated 15th January 2018 The Complainant in his complaint has stated that he is the member of a Co-Operative Housing Society which is taken up for redevelopment by the Respondent. He alleged that the Respondent

IBC: Real Estate may lose funding

By Accommodation Times Bureau A recent high-level panel suggestion said the government that home buyers should be treated as financial creditors which allow them to equitably participate in an insolvency resolution process.  The 14-member panel was headed by headed by Corporate Affairs Ministry, has also suggested relaxations for Micro, Small and

PNB Housing Finance to raise USDA 1 bn through External Commercial Borrowings

By Accommodation Times Bureau NEW DELHI PNB Housing Finance via external commercial borrowing window it proposes to raise about Rs 6,500 crore to business expansion, it said. The PNB Housing Finance in a regulatory filing to the BSE it said, the board in its meeting has authorised to raise the funds through external

AUDA has a capital of 1000 crores for 2018-19: Mukesh Puri

By Accommodation Times Bureau NEW DELHI Around 70% of GDP of Gujarat, the tax is coming from the urban areas and there are still many such areas which need to come under the Corporation for the collection of tax for infrastructure development,  Mukesh Puri, Principal Secretary, Department of Urban Development and Urban

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

NBCC acquires order of Rs 192 Cr from REC

By Accommodation Times Bureau NEW DELHI National Buildings Construction Corporation Limited (NBCC) the state-owned construction firm said on Monday that, from Rural Electrification Corporation (REC) an order of Rs 192 crore has been received for construction and development of a township in Gurugram. The company said in Bombay Stock Exchange (BSE) filing that,

Home loans to get costlier as SBI, ICICI, PNB raises lending rates

NEW DELHI On Thursday, State Bank of India (SBI) has raised its marginal cost of lending rate (MCLR) by 20 basis points. The lead lenders of the country including Industrial Credit and Investment Corporation of India (ICICI) bank and Punjab National Bank (PNB) has also announced an increase in lending rates. This