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The prices of under-construction and unsold ready-to-move-in properties also recorded an annual increase of 11.7 percent in the March quarter, as against 4.8 percent a year ago.
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The Housing Price Index tracks the movement in prices of residential properties in select 50 cities on a quarterly basis with FY 2017-18 as the base year
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The NHB has also approved the merger of two wholly-owned subsidiaries -- HDFC Investments and HDFC Holdings Limited -- of the housing finance company with HDFC
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All of the eight major metros -- Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune -- recorded increase in the index on an annual basis.
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"This is to inform you that NHB has on July 5, 2021, (Monday) imposed a monetary penalty of Rs 4,75,000 plus GST on the Corporation for technical non-compliance with NHB circulars," HDFC said in a regulatory filing on Tuesday.
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Capping of stamp duty and registration charges on mortgages may also increase revenue for states through their effect on demand, says the study
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Move ‘much needed’ and will go along way in relieving the real estate sector battling liquidity issues in COVID-19 times, realty experts said
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Under the programme, housing finance companies, banks and home buyers will have access to competitive funding opportunities to finance green and affordable housing projects.
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Loan disbursement will strictly be linked to the progress in the construction of the property.
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Real estate experts say this will definitely put more strain on many developers' already precarious liquidity situation.
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More stringent regulations for NBFCs is the need of the hour rather than the temporary fix of a liquidity window.
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A government-appointed panel had conducted interviews to fill top positions at National Housing Bank and India Infrastructure Finance Company. The names of shortlisted candidates are before the Appointments Committee of Cabinet.
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The National Housing Policy of 1988 envisaged setting up of the NHB as the apex institution to promote the housing sector.
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The National Housing Bank and some PSU banks may come forward to provide last mile funding to complete the unfinished projects
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It is interesting to note that RBI’s capital has remained unchanged, but its reserves have changed significantly over the years
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The company had also raised a total of Rs 4,225 crore through commercial papers (CP) last month.
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NHB is the principal agency to promote the 97 housing finance companies in the country and to provide financial support to eligible institutions.
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NHB Residex, India’s first official housing price index, was launched in July 2007 to track the movement in prices of residential properties in select cities.
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Long-term financing at lower rates will reduce costs of construction for developers allowing them to pass on benefits to consumers
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“The Supreme Court is taking it up. Let’s see what comes up,” says Sriram Kalyanaraman, MD & CEO, National Housing Bank
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Homebuyers request RBI and NHB to instruct banks/HFCs to collect EMIs from the builder who had “the primary responsibility of completing the project within 36 to 42 months.”
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Housing finance regulator, National Housing Bank (NHB), is working on a complete revamp of its residential housing index or `Residex’. “We are working on a complete revamp of Residex and we are likely to R
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The Centre’s credit-linked interest subsidy scheme, for housing loans taken by people in the mid-income groups (MIGs), has been made effective from January 1, 2017, with EMIs to go down by over Rs 2,000 R
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Granting industry status to affordable housing will help developers in accessing funds.
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Close on the heels of the prime minister‘s new year‘s eve address to the nation, where he announced an interest subsidy scheme, the central government on January 24, 2017, has cleared another similar scheme, R
