Finance - Housing News

  • Repco board to decide on raising $40 mn from IFC

    Repco board to decide on raising $40 mn from IFC  

    "A meeting of the Board of Directors of the company will be held on February 13, 2017, inter alia, to consider the proposal to raise USD 40 million by issue of secured, redeemable, non-convertible, non-cumulative, taxable debentur...

    07 Feb 2017, 2.00 pm  |  Source: PTI

  • Budget 2017: Infrastructure status to affordable housing a big +ve, says DHFL

    Budget 2017: Infrastructure status to affordable housing a big +ve, says DHFL   

    The Union Budget addresses the problem in the housing sector by giving infrastructure status to affordable housing segment, says Kapil Wadhwan, CMD of DHFL.

    02 Feb 2017, 4.06 pm  |  Source: CNBC-TV18

  • HDFC to raise Rs 35,000 cr via NCDs

    HDFC to raise Rs 35,000 cr via NCDs  

    "The board has approved issuance of secured redeemable non-convertible debentures (NCDs) aggregating to Rs 35,000 crore on private placement basis," HDFC said in a regulatory filing on stock exchanges.

    30 Jan 2017, 2.32 pm  |  Source: PTI

  • Cos mobilise Rs 29,212 crore via NCDs so far in 2016-17

    Cos mobilise Rs 29,212 crore via NCDs so far in 2016-17  

    The funds have been raised for funding expansion plans, retiring debt, supporting working capital requirements and other general corporate purposes.

    30 Jan 2017, 12.54 pm  |  Source: PTI

  • Demand for rural home loans to surge in Q4: DHFL

    Demand for rural home loans to surge in Q4: DHFL   

    Demand for home loans in rural India is expected to pick up in Q4, that is the word coming in from Harshil Mehta, CEO, DHFL.

    23 Jan 2017, 1.37 pm  |  Source: CNBC-TV18

  • Companies raise Rs 29,000 cr via NCDs in FY17 so far

    Companies raise Rs 29,000 cr via NCDs in FY17 so far  

    The funds have been raised for funding expansion plans, retiring debt, supporting working capital requirements and other general corporate purposes.

    23 Jan 2017, 12.50 pm  |  Source: PTI

  • Indiabulls cuts interest rates for existing customers by 15 bps

    Indiabulls cuts interest rates for existing customers by 15 bps  

    "The new rates will vary according to a customer's existing rate and the contract date and will effectively be in the range of 8.90 percent on the lowest side and to 10.50 percent on the higher side. Still most customers will get ...

    23 Jan 2017, 9.36 am  |  Source: PTI

  • Fitch may withdraw ratings of Dewan Housing within a month

    Fitch may withdraw ratings of Dewan Housing within a month  

    "Fitch Ratings plans to withdraw the ratings on Dewan Housing Finance Corporation Ltd on or about, February 22, 2017, which is approximately 30 days from date of this Non Rating Action Committee (NRAC), for commercial reasons," Fi...

    20 Jan 2017, 2.00 pm  |  Source: PTI

  • HDFC lowers lending rate by 0.15% for existing customers

    HDFC lowers lending rate by 0.15% for existing customers  

    The company reduced its Retail Prime Lending Rate (RPLR) by 0.15 percent effective today, HDFC Ltd said in a statement.

    19 Jan 2017, 3.38 pm  |  Source: PTI

  • Duville Estates, HDFC launch subvention scheme for customers

    Duville Estates, HDFC launch subvention scheme for customers  

    Realty player Duville Estates today said it has, in association with HDFC Ltd, launched a subvention scheme for its customers for a project in Pune.

    18 Jan 2017, 4.42 pm  |  Source: PTI

  • HDFC to raise Rs 800 cr via NCDs to shore long term capital

    HDFC to raise Rs 800 cr via NCDs to shore long term capital  

    The company will issue secured redeemable NCDs on a private placement basis to raise Rs 800 crore, HDFC said in a regulatory filing.

    17 Jan 2017, 9.58 am  |  Source: PTI

  • Affordable homes will be a reality after cash ban: Deepak Parekh

    Affordable homes will be a reality after cash ban: Deepak Parekh  

    HDFC Chairman Deepak Parekh today said that post demonetisation, the biggest advantage for homebuyers will be lower interest rates, transparency and no large cash payments.

    15 Jan 2017, 10.38 am  |  Source: PTI

  • Average cost of funds at 9.2%; further declines soon: Repco Home

    Average cost of funds at 9.2%; further declines soon: Repco Home   

    Repco's average cost of funds currently stants at 9.2 percent, says Varadarajan. He adds that its loan book is also increasing in size, with over 70 percent of its book falling under the affordable housing category.

    05 Jan 2017, 9.40 am  |  Source: CNBC-TV18

  • HDFC, Bank of India, others cut lending rates by up to 0.9%

    HDFC, Bank of India, others cut lending rates by up to 0.9%  

    Among banks, Corporation Bank, Bank of India and Punjab & Sind Bank slashed their marginal cost of funds based lending rate (MCLR).

    04 Jan 2017, 7.48 am  |  Source: PTI

  • Watch: DHFL & Indiabulls Housing on new housing schemes

    Watch: DHFL & Indiabulls Housing on new housing schemes   

    Housing finance companies are in focus because PM Modi has announced two new housing schemes and also new schemes for the urban poor. In an interview to CNBC-TV18, Harshil Mehta, CEO of DHFL and Gagan Banga, Vice Chairman & Managi...

    02 Jan 2017, 2.50 pm  |  Source: CNBC-TV18

  • Upcoming Budget likely to focus on agri, housing sectors: HDFC

    Upcoming Budget likely to focus on agri, housing sectors: HDFC   

    The demonetisation pain is likely to lessen by February-end or early march next year bringing normalcy back into the system, Keki Mistry, VC & CEO of HDFC.

    30 Dec 2016, 10.59 am  |  Source: CNBC-TV18

  • Demonetisation impact: Housing finance cos likely to cut rates

    Demonetisation impact: Housing finance cos likely to cut rates  

    Post demonetisation, real estate demand saw a slump with cut in the black money flow. Traditionally, real estate has been one of the beneficiaries of unaccounted income.

    28 Dec 2016, 10.40 am  |  Source: Moneycontrol.com

  • Housing fin cos expected to grow at 18-19%: PNB Housing Finance

    Housing fin cos expected to grow at 18-19%: PNB Housing Finance   

    Speaking to CNBC-TV18 Sanjaya Gupta, MD of PNB Housing Finance said that he expects the market size in the housing finance sector to get re-defined next year.

    20 Dec 2016, 9.59 am  |  Source: CNBC-TV18

  • HDFC gets RBI nod to raise Rs 3,000 cr more in masala bonds

    HDFC gets RBI nod to raise Rs 3,000 cr more in masala bonds  

    "We have approval from the RBI to raise more money. I think, we have approval for Rs 3,000 crores. But, we will wait and watch," its vice chairman and chief executive Keki Mistry told reporters here.

    17 Dec 2016, 5.24 pm  |  Source: PTI

  • Note ban a short term disruptor but game changing move: D Parekh

    Note ban a short term disruptor but game changing move: D Parekh   

    Parekh is now betting on Union Budget to revive the consumption story. He said that these are difficult times and expects the Finance Ministry to introduce sops for industry as well for the individuals.

    07 Dec 2016, 7.01 pm  |  Source: CNBC-TV18

  • Banks receiving deposits of Rs 11 lakh cr a rumour: Keki Mistry

    Banks receiving deposits of Rs 11 lakh cr a rumour: Keki Mistry   

    Keki Mistry says the Reserve Bank of India is likely to cut rates by around 25-50 basis points next week. With RBI cutting rates while US Federal Reserve raising rates, the rupee is going to take a beating, thus creating inflation...

    02 Dec 2016, 12.28 pm  |  Source: CNBC-TV18

  • Car makers lure customers with e-payments post demonetisation

    Car makers lure customers with e-payments post demonetisation  

    Renault India has announced cashless transaction for customers making vehicle purchases and availing after-sales services.

    22 Nov 2016, 7.00 pm  |  Source: PTI

  • Adequately covered with 40% margin on value of property: Repco

    Adequately covered with 40% margin on value of property: Repco   

    The loan to value ratio for loan against property (LAP) was at 60 percent for Repco, so they were adequately covered with 40 percent margin on value of the property, said V Raghu, ED, Repco Home Finance.

    18 Nov 2016, 3.51 pm  |  Source: CNBC-TV18

  • Demonetisation: To widen tax base, push interest rates lower, says Deepak Parekh

    Demonetisation: To widen tax base, push interest rates lower, says Deepak Parekh   

    Market is over reacting to demonetisation move and Trump-win. India has never been in a stronger position as it is today, says Deepak Parekh, Chairman of HDFC.

    16 Nov 2016, 5.18 pm  |  Source: CNBC-TV18

  • HDFC, ICICI Bank cut home loan rate by 0.15%

    HDFC, ICICI Bank cut home loan rate by 0.15%  

    "Over the past couple of months, we have seen a drop in our marginal costs of funds and as always, HDFC has ensured that benefit is passed on to its customers," HDFC Ltd Managing Director Renu Sud Karnad said.

    03 Nov 2016, 8.52 pm  |  Source: PTI

  • HDFC raises Rs 500 cr via masala bonds

    HDFC raises Rs 500 cr via masala bonds  

    "The corporation has completed the fourth issue of rupee denominated-bonds to overseas investors of issue size Rs 500 crore," HDFC said in a regulatory filing to stock exchanges.

    21 Oct 2016, 12.12 pm  |  Source: PTI

  • Companies garner Rs 24,000 cr via NCDs in April-September FY`17

    Companies garner Rs 24,000 cr via NCDs in April-September FY'17  

    In comparison, firms had mobilsed more than Rs 1,502 crore in the April-September period of the preceding financal year.

    17 Oct 2016, 2.16 pm  |  Source: PTI

  • HDFC raises Rs 500 cr through 4th issue of masala bonds

    HDFC raises Rs 500 cr through 4th issue of masala bonds  

    "With reference to the earlier letter dated October 12, 2016, informing about the opening of the fourth issue of rupee-denominated bonds to overseas investors, aggregating an amount up to Rs 500 crore," it said in a filing.

    15 Oct 2016, 1.28 pm  |  Source: PTI

  • HDFC to raise up to Rs 500 crore via masala bonds

    HDFC to raise up to Rs 500 crore via masala bonds  

    "The pricing and tenure of the bonds to be issued pursuant to the said issue will be intimated to in the due course," the company added.

    13 Oct 2016, 11.08 am  |  Source: PTI

  • DHFL cuts home loan rate by 0.2%

    DHFL cuts home loan rate by 0.2%  

    The company will offer the interest rate for loans up to Rs 30 lakh which is categorised under affordable housing, thereby enabling home ownership in the low and middle income segment, it said.

    06 Oct 2016, 4.20 pm  |  Source: PTI

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