HOUSING SECTOR

NAREDCO says worst is over for property sector, financiers caution against price hike

Industry experts, at a virtual session, agreed that the sector is slowly coming back on the track with financial institutions now making lo...

India’s recovery will be led by sectors such as ferrous and non-ferrous metals, auto and textiles: Moody’s and ICRA

"A rising preference for personal mobility vehicles, along with the government's new voluntary vehicle scrappage policy, will support autom...

Need to increase logistics arrangement for steel sector: ISA

Noting that the steel production and consumption of the metal are expected to grow on the back of government initiatives, the transportatio...

Realty developers’ focus on mid-income, affordable housing set to continue in 2021

A further improvement in sales across all housing segments is expected in 2021. However, new launches are expected to remain concentrated i...

Planning to buy a house this year? Follow these simple steps

Consider a lender like Bajaj Housing Finance Limited that offers home loans at competitive interest rates with a hassle-free application pr...

Housing sector revival: Godrej Prop, HDFC & ACC among Jefferies’ top picks

“The last 25-year history suggests that Indian property up/down cycles typically last 7-9 years,” said Jefferies in a note to clients.

Public sector banks plan ‘daylight overdrafts’ to lure top companies from private rivals

With the Reserve Bank of India (RBI) changing the rules to help public sector banks (PSBs) grab business from MNC lenders, some of the PSBs...

Congress' Hooda charges Centre of reducing budget for critical sectors, pension of jawans

Charging the government of betrayal to farmers, he said, "We had hoped that this budget would answer the problems of farmers. It instead re...

India at beginning of a multi-year economic revival cycle: Mahesh Nandurkar

Jefferies’ Mahesh Nandurkar says housing is going to be a large part of his portfolio for next 3 years

Additional tax deduction of Rs 1.5 lakh for interest on home loan for affordable housing extended

The deduction of Rs 1.5 lakh in a financial year is available under section 80EEA of the Income-tax Act, 1961. Deduction on payment of inte...

Sales of affordable homes improving; signalling recovery in real estate sector: Survey

The National Housing Bank's (NHB) Housing Price Indices (HPIs) are a broad measure of movement of residential property prices observed with...

PNB Housing Finance plans tie-ups with banks for co-lending in housing loan sector

"We have got our policy approved on the co-lending and you will shortly be hearing some announcement from the company in terms of some agre...

How EPF discriminates against those who need it the most

The government is in the process of implementing the new Labour Codes, likely to be effective from April 1, 2021. One of the important aspe...

Housing finance cos face asset quality challenges in 2021

In comparison to other NBFCs, the asset quality of HFCs worsened; gross NPA and net NPA ratio of non-bank lenders stood at 1.4 per cent and...

Developers hope interest rates, stagnant prices to push for housing sales in 2021

Experts feel that the mid-segment housing may take 6-8 months of 2021 to bounce back to pre-COVID levels due to the reeling market.

Gujarat: Home loan disbursals rose to Rs 5,283 crore in Q2

According to the SLBC, the total outstanding amount under housing finance by banks stood at Rs 92,195 crore by September as against Rs 76,2...

Disbursements in the housing finance sector at 60–70% of YoY levels: Report

“Disbursements in the housing finance sector are at 60–70% of YoY levels. This was basis an analysis done by MOFSL on the NBFC sector at la...