Page 4 - Affordable Housing

RBI repo rate hike to impact affordable housing demand, say experts

The impact will be short-term, and the boost in budgetary allocations towards infrastructure will keep the demand robust

Affordable hsg demand dips, mid-premium remains preferred zone for buyers

Rising input costs, global uncertainties have made it more difficult for developers to launch budget homes in a cost-sensitive market

Demand for affordable housing in Indian cities down 26% in 2022: Report

Budget should revise price bandwidths for units that qualify as affordable housing: Anarock

Budget 2023: Real estate sector wants tax sops, PPP in affordable housing

Budget 2023: Co-working space companies want the Centre to reduce the rate of tax deducted at source on their services

HDFC Capital raises $376 million for affordable housing fund H-Care 3

HDFC Capital, the real estate private equity arm of HDFC Group, on Monday achieved the initial close for second scheme of its third fund, raising USD 376 million. The latest fund raising is the third by HDFC Capital's affordable real estate fund (H-Care 3) and the primary investor in the H-Care schemes is a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), HDFC said in a statement. Since the launch in 2016, the fund, across its schemes, has created a USD 3.1 billion funding platform, making it one of the largest private finance platforms in the world focused on development of affordable housing. The fund will provide long-term, flexible funding across the life cycle of affordable and mid-income housing projects including early-stage funding. In addition, it will also invest in companies in the construction technology, fintech, sustainability-tech etc. engaged in the affordable housing ecosystem. HDFC Capital targets to finance 10 lakh affordable homes through a

PNB Housing Fin opens 'Roshni' branches for affordable housing loans

PNB Housing Finance on Friday said it has opened 'Roshni' branches in various locations, including tier II and III cities, for deepening its customer base in the affordable housing segment. Through its affordable home loan scheme Roshni, the city-based lender has also renewed its commitment towards the government's Housing for All mission, it added. Under this initiative, PNB Housing Finance will offer retail loans to individuals in the range of Rs 5 lakh to Rs 30 lakh. The company's Roshni branches inaugurated in Chennai, Coimbatore, Ghaziabad, Hyderabad, Indore/Ujjain, Lucknow, Mumbai, Nagpur, Pune, Rajkot and Varanasi will cater to customers in this segment. Borrowers can get loans for purchase of house property, self-construction, home extension/renovation, plot purchase plus construction, loan against property, among others, PNB Housing Finance said in a release. Whether loan applicants are new to credit, self-employed without formal income or salaried from a low-income group

Housing sales in Gurugram jump over 3-fold to 24,482 units during Jan-Sep

Housing sales in Gurugram jumped more than three-fold on an annual basis to 24,482 units during January-September this year on higher demand for residential properties across all price categories -- affordable, mid-income and luxury, according to Anarock. Housing sales in Gurugram stood at 7,725 units in the year-ago period. Noida saw a 52 per cent increase in sales to 5,040 units in the first nine months of this year compared to 3,315 units in the corresponding period of the previous year, as per data compiled by Mumbai-headquartered property consultant Anarock. Sales in Greater Noida rose 46 per cent to 8,651 units during January-September 2022 from 5,925 units earlier. Ghaziabad witnessed a 54 per cent rise in housing sales to 5,395 units from 3,510 units in the corresponding period of 2021. Sales in Faridabad jumped nearly three-fold to 2,890 units from 1,018 units. Overall, Anarock data showed that sales in the Delhi-NCR market more than doubled to 49,138 units during ...

We work in a few mkts, don't spread ourselves thin: Mahindra Lifespaces CEO

In a Q&A, Arvind Subramanian says his firm hopes to achieve Rs 2,500 crore residential sales a year and industrial leasing of Rs 500 crore by 2025

Rising median loan rates lead to fall in affordability of homebuyers

A cumulative increase of 0.95 per cent in median home loan rate has impacted the purchase affordability and purchase decisions of homebuyers, according to the Affordability Index by Knight Frank

Navigating the affordable housing finance market

The demand for affordable housing finance is very high, but housing finance companies have not disbursed loans up to their potential, owing to a lack of awareness among customers about such firms

Aptus Value Housing Finance soars 8%; Citi initiates coverage on stock

The Citi group had initiated coverage on the stock, with a 'Buy' rating and a target price of Rs 425 per share.

ICICI Bank to raise Rs 10,000 cr via infra bonds in one or more tranches

Proceeds to be used for project financing, affordable housing

Affordable housing is set to lift off big time, says IMGC CEO Mahesh Misra

The stress is still there, but the worst is behind us, said Misra

Ahmedabad India's most affordable housing market in H1CY22: Knight Frank

All markets decline in affordability due to rise in home loan rates

Shriram Housing loan-book grows 45% to cross Rs 5,000-cr so far this fiscal

Affordable housing player Shriram Housing Finance has said its AUM or live loan grew 45 per cent so far this fiscal to cross the Rs 5,000-crore-mark

Budget impact: Aavas Financiers soars 7% on affordable housing boost

Finance Minister Nirmala Sitharaman on Tuesday in the Union Budget 2022 speech said that Rs 48,000 crore is allotted for PM Awas Yojana.

HDFC Capital in $1.22-billion deal for affordable housing fund

HDFC, Abu Dhabi Investment Authority commit $1.22 bn

Affordable housing segment offers Rs 45-trn investment opportunity: Report

The investment in the affordable housing has been 17 per cent of the total PE investment in the residential segment in India in the past 10 years (since 2011).

Affordable housing loan defaults surge to 7.2%, says rating agency Icra

The ultimate losses to lenders could be limited, given the secured nature of loans

ADB approves $150 mn loan to improve urban housing in Tamil Nadu

The Asian Development Bank (ADB) has approved a 150 million dollar (about Rs 1,095 crore) loan to provide access to inclusive, resilient and sustainable housing for the urban poor in Tamil Nadu.