Anuj Puri, Chairman of ANAROCK Group, has proposed the revival of the Credit-linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana (PMAY). This scheme, which expired in 2022, provided subsidies for Economically Weaker Sections (EWS) and Low-Income Groups (LIG) purchasing affor
With the Union Budget for 2024-25 set to be tabled on July 23, the real estate sector pins renewed hope on the Modi 3.0 regime. Expectations are high for tax reliefs and other sentiment boosters.
New Delhi [India], July 8: Vinra Group, led by Chairman and Managing Director Vinod Ranjan, is aiming for a significant milestone of 500 crore rupees in revenue.
A survey conducted by real estate association CREDAI and investment management company Colliers found that the majority of the real estate developers expect tax rationalization, sops for affordable housing, and single window clearance from Union Budget 2024, slated to be tabled sometime l
New Delhi [India], June 29: India Shelter Finance Corporation Limited (ISFCL) is pleased to announce that CARE Ratings Limited has upgraded the credit rating of our Long Term Bank Facilities, amounting to Rs. 1,335.00 crores. The rating for ISFCL has been revised from CARE A+; Positive (Sing
The financing will be utilised to provide housing loans to women and address the shortage of financing in the low-income and affordable housing segment in the country.
Delhi-NCR [India], June 10: For the eighth consecutive time, the RBI has decided to keep the repo rate unchanged at 6.5%. This decision, combined with optimistic GDP growth projections, massive infrastructural development, an increased pace of project launches, and robust demand, is expected
Mumbai (Maharashtra) [India], May 23: IIFL Home Finance Limited (IIFL HFL) has seen its Asset Under Management (AUM) swell from Rs 28,512 cr in FY23 to Rs 35,499 cr in FY24, witnessing a 25 per cent YoY growth, making the company India's largest affordable housing finance company with an ave
In Q1 2024, of approximately 1.30 lakh homes sold across the top 7 cities, luxury homes priced above Rs 1.5 cr constituted a significant share of 21 per cent, accounting for around 27,070 units. This marks a drastic increase compared to Q1 2019 when luxury homes comprised only 7 per cent of
India's major cement companies have announced substantial price hikes across various regions of India. The price adjustments, reported to range from Rs 10-15 per bag in North India, Rs 30-40 per bag in central and east India, and Rs 20 per bag in the western region, have been implemented in
New Delhi [India], April 1: India Shelter Finance Corporation Ltd., a pioneer in the affordable housing finance market, has been awarded an IND AA-/Stable rating by India Ratings and Research (Ind-Ra), affirming its financial resilience and leadership in enabling access to affordable housing
Mumbai (Maharashtra) [India], March 22: Star Housing Finance Ltd (Star HFL. BSE: 539017), a retail-focused semi-urban / rural housing finance company, has entered into a co-lending partnership with Tata Capital Housing Finance Limited (TCHFL). The partnership aims to leverage the domain of