Kerala Floods: NHB to provide concessional refinance for construction, repair houses

By Rohit Sharma THIRUVANANTHAPURAM Financial Services Secretary Rajiv Kumar on August 29 in its tweet said, for construction and repair of houses affected by Kerala floods, Rs 200 crore allocated from refinance scheme of National Housing Bank (NHB) under the Affordable Housing Fund to facilitate Housing Loan at a concessional interest rate to houses Kumar

NHB to discourage direct Selling Agents,by framing legislations

  By Accommodation Times Bureau The housing finance regulator (NHB) is trying to frame out rules to discourage direct selling agents, from facilitating loan takeover among mortgage companies. This, although, would affect consumer's freedom to transfer to another lender within a specified time, the NHB (National Housing Bank) is aiming to ensure that borrowers do not

Affordable Housing Segment booms in Indian real estate markets, home loans below10 lakh have surged by 43% in FY 2017

By Accommodation Times Bureau As the Affordable Housing Segment booms in the Indian real estate markets, the home loans below Rs 10 lakh have surged by 43% in the last fiscal year (FY2017). However, the home loans above Rs 25 lakh marginally declined by 1%. Affordable housing refers to housing units

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

NHB asks housing finance companies to share details of the default amount

By Accommodation Times News Service Accordingly, NHB framed guidelines to put in place a mechanism of sharing information on willful defaults of Rs 25lakh and above so as to ensure further funds are not made available to them Housing finance companies regulator, National Housing Bank, has asked mortgage firms to share information