Home First, being an affordable housing player, is well poised to benefit from structural growth in the segment
The move could enable such HFCs, which have lately been cash-strapped, to mobilise funds.
The government has set a target of one crore houses in urban areas across the country over a period of seven years from 2015 to 2022.
Modi's win expected to double institutional investments in real estate to 10 billion dollars in 2019
Interest subsidy of 6.5 percent is envisaged on loans availed up to a tenure of 15 years and up to Rs 6 lakh.