[ad_1] Home loan borrowers have a reason to cheer again. In a move aimed at supporting growth, the Reserve Bank of India (RBI) has cut the repo rate by another 25 basis points, bringing it down to 6%, at the April Monetary Policy Committee (MPC) meeting on April 9. Index Fund Corner Sponsored Scheme Name […]
Affordable housing needs policy reforms, says Keystone Realtors – CNBC TV18
[ad_1] Despite a thriving real estate market in Mumbai, affordable housing remains a challenge due to low developer margins and unrevised policy caps. Boman Rustom Irani, Chairman and Managing Director at Keystone Realtors, highlights that the ₹45 lakh cap for affordable housing, set in 2017, should now be revised to ₹80 lakh, considering inflation. He […]
Housing demand strong, but affordable segment faces pressure, says Niranjan Hiranandani – CNBC TV18
[ad_1] Niranjan Hiranandani, Chairman of Hiranandani Group, told CNBC-TV18 that while there is no shortage of demand in the housing market, concerns persist over the further deterioration of the affordable housing segment. Meanwhile, Rajat Kathuria, CEO of Signature Global, highlighted that urbanisation trends remain strong, with Gurugram and NCR witnessing a significant shift. Below is […]
Real estate sector seeks Budget 2025 reforms to boost growth amid economic challenges – CNBC TV18
[ad_1] At a time when India is facing economic challenges due to global hurdles, a weak rupee and slowing consumption, the real estate and housing industry is pitching for more incentives, citing that the real estate sector can be a growth harbinger for the country. The sector has already sent out its wishlist to the […]
Pradhan Mantri Awas Yojana 2.0: Check application process and other details – CNBC TV18
[ad_1] SUMMARY The government has launched PMAY 2.0 to provide financial assistance for affordable housing to one crore urban poor and middle-class families. The initiative includes a ₹2.30 lakh crore allocation and offers various components like Beneficiary-Led Construction and Affordable Housing in Partnership. By Bansri Shah December 20, 2024, 4:14:57 PM IST (Published) 1 / […]
PNB Housing Finance eyes 17-18% growth in retail loan book over next couple of years – CNBC TV18
[ad_1] PNB Housing Finance aims to grow its retail loan book, which is now about 98% of overall book, by 17-18% over the next couple of years. MD & CEO Girish Kousgi told CNBC-TV18 that the target is to increase the retail loan book to ₹1 lakh crore by 2026-27 (FY27), with a well-balanced distribution […]
Edelweiss’ Rashesh Shah says it will unlock value in housing finance business in a year – CNBC TV18
[ad_1] Recognising the immense potential in the housing finance sector, particularly in affordable housing, Edelweiss prefers partnering with banks in the housing finance business. Rashesh Shah, Chairman of Edelweiss Group, emphasises the importance of distinguishing between housing finance companies (HFCs) that compete with banks and those that collaborate with them, stating that Edelweiss would choose […]
Shriram Properties to shift focus from affordable housing to the mid-market segment – CNBC TV18
[ad_1] Bengaluru-based real estate developer Shriram Properties, is shifting focus away from affordable housing, where it previously held a strong position. Chairman and Managing Director Murali Malayappan said the company will now focus on the mid-market and mid-premium segments, aiming for these categories to make up nearly 80% of its offerings within the next two […]
Cabinet clears PMAY-2.0: 1 crore urban poor and middle class families to get home loans at cheap rates – CNBC TV18
[ad_1] Prime Minister Narendra Modi-led Union Cabinet on Friday, August 9, approved Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 under which financial assistance will be provided to 1 crore urban poor and middle-class families to construct, purchase or rent a house at an affordable cost in urban areas in five years. In his Independence Day speech […]