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Tag Archives: housing

Target of housing for all to be achieved by 2020, says Government

Hardeep Puri said this while addressing media in New Delhi on the occasion of the fourth anniversary of Urban Missions of PMAY(U), Smart Cities Mission and Atal Mission for Rejuvenation -AMRUT. Puri said, the validated demand for total houses under the scheme is one crore and so far more than 81 lakh houses have been sanctioned. He said, sanctioning of ... Read More »

SRG Housing Finance receives refinance assistance from National Housing Bank

SRG Housing Finance has received refinance assistance from National Housing Bank of Rs 5 crore under refinance scheme. The Company has accepted the terms and conditions of the sanction letter. SRG Housing Finance is a housing finance company. The company is engaged in providing home loans for construction, additions, alterations, and repair and renovation purpose. WhatsApp Facebook Twitter Download Udaipur ... Read More »

Indiabulls Housing Finance to raise $350 million

Indiabulls Housing Finance has received approval for issuance of $350 million 6.375% payable semi-annually (6.29% nominal monthly) Senior Secured Notes due May 2022 under the updated $1,500 million Secured Euro Medium Term Note Programme of the Company. The bond issue committee of the Board of Directors of the Company at its meeting held on May 21, 2019 has approved the ... Read More »

NHB gives nod to DHFL to sell entire stake of Aadhar Housing Finance

Dewan Housing Finance Corporation (DHFL) has received an approval from the National Housing Bank (NHB) to sell its entire stake of 9.15% in Aadhar Housing Finance to Blackstone’s arm. The divestment of the company’s stake in Aadhar is expected to be completed shortly. DHFL is one of India’s premier housing finance companies and is among the oldest private sector Housing ... Read More »

LIC Housing Finance spurts on reporting 17% rise in Q4 net profit

LIC Housing Finance is currently trading at Rs. 485.40, up by 0.30 points or 0.06% from its previous closing of Rs. 485.10 on the BSE. The scrip opened at Rs. 476.50 and has touched a high and low of Rs. 490.00 and Rs. 464.70 respectively. So far 112748 shares were traded on the counter. The BSE group ‘A’ stock of ... Read More »

LIC Housing Finance reports 17% rise in Q4 net profit

LIC Housing Finance has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 16.70% in its net profit at Rs 693.58 crore for the quarter under review as compared to Rs 594.34 crore for the same quarter in the previous year. Total income of the company increased by 19.74% at Rs ... Read More »

PNB Housing Finance to raise Rs 10,000 crore via NCDs

PNB Housing Finance is planning to raise up to Rs 10,000 crore through the issuance of secured and unsecured non-convertible debentures (NCDs). The company also planning to raise up to $1 billion by way of external commercial borrowings in one or more tranches. The board of directors at their meeting to be held on May 9, 2019 will consider the ... Read More »

Ashiana Housing unveils innovative sales, marketing initiative ‘Know your neighbour’

Ashiana Housing has unveiled an innovative sales and marketing initiative ‘Know your neighbour’ to connect with the elderly community. The company had launched its first Senior Living project in 2005. ‘Know your neighbour’ was recently held at Ashiana Shubham Chennai. It is a platform where the present customers and prospective customers were invited for a get-together, where they got to ... Read More »

Indiabulls Housing Finance reports 7% fall in Q4 consolidated net profit

Mumbai : Indiabulls Housing Finance has reported results for fourth quarter and year ended March 31, 2019. The company has reported a fall of 12.44% in its net profit at Rs 875.39 crore for the quarter under review as compared to Rs 999.71 crore for the same quarter in the previous year. Total income of the company decreased by 7.32% ... Read More »

RERA brings transparency to housing sector: PM Modi

He was addressing the inauguration of the Construction Technology India-2019 Expo-cum-Conference in New Delhi. The Prime Minister said during his tenure, 1.3 crore houses have already been built. The previous government had managed only 25 lakh houses. He further added that these numbers speak for themselves. He also said the quality of and space per home have improved during the ... Read More »

India Ratings downgrades rating of PNB Housing Finance’s NCDs

Credit Rating Agency, India Ratings has downgraded rating of PNB Housing Finance’s Non-Convertible Debentures (NCDs) worth Rs 280 billion to ‘AA+/Stable’ from ‘AAA/RWN’. The NCDs include Rs 10 billion sub-limit for the subordinate debt programme. PNB Housing Finance is a registered housing finance company with National Housing Bank (NHB). They provide housing loans to individuals and corporate bodies for construction, ... Read More »

Poddar Housing gets nod to raise Rs 50 crore via NCDs

Poddar Housing and Development has received approval to raise funds aggregating up to Rs 50 crore through issuance of the 50,000 secured, Unrated, redeemable, unlisted, Non-Convertible Debentures (NCDs) of a face value of Rs 10,000 each on private placement basis. The Board of Directors of the Company at its meeting held on January 08, 2019 approved the Private Placement Offer ... Read More »