NHB gives nod to 6 new entities to become housing finance cos

The National Housing Bank (NHB) has granted permission to six new entities to become housing finance companies.
These six companies are Supreme Housing Finance, Nivara Home Finance, Khush Housing Finance Private, Bajaj Housing Finance Capri, Global Housing Finance Pvt Ltd and Hinduja Housing Finance Ltd, NHB said in a release today.
"Thus, as on date, the total number of HFCs registered with NHB is 72. New HFCs aim to focus mainly on the affordable housing finance segment and are likely to cater the housing loan needs of the EWS/LIG segment, contributing to achieving the goal of housing for all by 2022," it said.

Earlier this week, RBI allowed banks to give home loans up to 90 per cent of the value of the property that cost below Rs 30 lakh.
Earlier, the facility was available only in cases where the cost was up to Rs 20 lakh.
This will benefit those who plan to purchase properties in the range of Rs 20-30 lakh.