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

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

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

National Urban Housing Fund created

By Accommodation Times Bureau The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given approval for creation of National Urban Housing Fund (NUHF) for Rs.60,000 crores.  This fund will be situated in Building Materials and Technology Promotion Council (BMTPC), an autonomous body registered under the Societies Registration Act, 1860

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

Former JLL India Capital Markets MD launches real estate invest banking firm

By Accommodation Times MUMBAI Shobhit Agarwal, ex-Managing Director - Capital Markets & International Director of JLL Property Consultants (India) Pvt. Ltd. has launched a real estate investment banking advisors firm, ANB Capital Advisors Pvt. Ltd., today. The firm, headquartered in Mumbai, will focus exclusively on various asset classes of real estate. Mr Agarwal heads a

MoHUA signs MoU with Allahabad Bank for processing interest subsidy under Sep Component

By Accommodation Times Bureau NEW DELHI A Memorandum of Understanding(MOU) has been signed in the presence of Hardeep Singh Puri, Minister of State(I/C) Ministry of Housing and Urban Affairs to provide a centralized platform for processing interest subsidy to eligible beneficiaries under Self Employment Programme (SEP) component of DeendayalAntyodayaYojana- National Urban Livelihoods