Housing Finance Firms

Counterbids for the two pools of bad loans are being invited separately by the non-banking finance company, with the condition that all bids must be on a "full cash" basis

The fall in Bajaj Housing Finance shares shares came as the company saw its lock-in period end on October 14, 2024, for 126 million shares.

Realty firm Signature Global has given Rs 1,144 crore construction work order to Ahluwalia Contracts for development of its luxury housing project in Gurugram. The project, 'De-luxe DXP' is located in Sector 37D, Dwarka Expressway, Gurugram. Spread over 16.65 acres, the housing project has 1,008 units. The total developable area is 28.12 lakh square feet, Signature Global said in a statement on Sunday. Lalit Kumar Aggarwal, Vice Chairman of Signature Global (India) Ltd, said the company has started construction work in this project and collaborated with Ahluwalia Contracts to ensure timely delivery of the project with best amenities. Signature Global said it achieved a record pre-sale of over Rs 3,600 crore within a few days of pre-launch of this project. Ahluwalia Contracts aims to complete the project within 5 years. Signature Global has so far delivered 11 million square feet of area across various projects. It has a pipeline of 32.2 million square feet of saleable area in it

The loan book of the company as of the end of March was Rs 51,402 crore

Investor interest in AHFCs has increased, given expectations of measures in the Budget to boost the affordable housing market as well as the growth trajectory

Nomura initiates coverage on Aadhar Housing: Nomura has given a target price of Rs 550 for Aadhar Housing Finance stock. It implies a 20.3 per cent upside

Affordable Housing remains a focused segment with high operational intensity and companies with mono-product focus can deliver better outcomes in the long run.

The use of technology today comes into play right when a project is being designed, and goes on to assist in its customisation and maintenance

SMICC has separately invested Rs 150 cr in a subsidiary to expand its affordable housing finance solutions

Here's what brokerages recommend investors should do, with this Rs 1,200 crore IPO which closes for subscription on Friday, December 15.

Realty firm Hiranandani Group will invest Rs 2,000 crore to develop the first phase of its luxury housing project comprising 330 units at Powai in Mumbai and has already sold 150 units for Rs 1,100 crore within the first week of launch. In a statement on Monday, Hiranandani Group said it has launched a new housing project 'Empress Hill' at 'Hiranandani Garden' township in Powai. The company will develop a total of 5 lakh square feet area in phases. In the first phase, the company on October 8 launched 3.3 lakh square feet area comprising 330 units across three residential towers. The total construction cost to develop the first phase is estimated at around Rs 2,000 crore, the company said. Hiranandani Group said it has already sold 150 units, worth Rs 1,100 crore, within the first week of the launch of this project. The average size of apartments ranges from 1,100 square feet to 1,600 square feet and the price range is Rs 6 crore to Rs 10 crore. "The COVID pandemic quandary and .

Housing finance firms believe they do the heavy lifting in the sector and must get concessions in lending terms

Company runs programme that offers loans to women who don't have formal income documentation

If this move sees daylight, it is expected to relieve thousands of homebuyers living with the scary thought of all their money going down the drain if in case their developer goes bankrupt

The company reported 5.5 per cent growth in Q4 net at Rs 1,180 crore, backed by a 20.8 per cent surge in total income.

Housing sales and new supply increased 22 per cent and 86 per cent, respectively, during January-March this year on better demand, according to residential brokerage firm PropTiger.com. REA India, a full-stack real estate technology platform, owns Housing.com, PropTiger.com and Makaan.com. In its report titled Real Insight Residential - January-March 2023, PropTiger.com said that housing sales rose to 85,850 units across eight cities in January-March 2023 from 70,630 units in the year-ago period. New launches grew 86 per cent to 1,47,780 units -- highest in a quarter -- from 79,530 units. Reports of other property consultants have also reported an increase in housing sales during the January-March quarter despite a rise in mortgage rates in the last one year. "The Indian housing market is witnessing a significant growth, with both sales and new launches on the rise. This is particularly noteworthy considering the challenging global environment and the hardening of interest rates on

Shriram Housing Finance Ltd., which offers home loans, largely in the affordable housing segment, has received interest from several private equity players, including BPEA EQT, formerly Baring PE Asia

Golf Course Road Extension will offer 1.6 million square feet of premium residential development

'Good sustenance in home buying', says mortgage lender in statement

IHFL's balance sheet and AUM have stabilised and the base has been formed for 10% YoY growth in loans this financial year