The Reserve Bank of India’s announcement on March 23 that bank credit to registered NBFCs towards agriculture, MSMEs and housing sector up to prescribed limits will be treated as priority sector loans for a year starting April is expected to ease liquidity constraints for the real estate sector, experts said. […]
A Difficult Procedure
The affordable category has been the saviour of the housing sector, which is experiencing its worst phase in the past five years. One major hurdle faced by lower middle class and EWS citizens is the cumbersome procedure in getting construction plan approved by local authorities. Since it is mandatory to […]
High Inventory Of Affordable Homes Anarock’s Blame Real Estate Developers: Anuj Puri
Poor quality and lack of infrastructure deterred buyers of affordable homes, which contribute the most to the unsold inventory, according to Anarock Property Consultants Pvt. Ltd. “Most of the unsold supply is at the periphery of the cities, built assuming people will move in despite absence of any social or […]
Property Grabbing By Tenants Will Soon Be A Thing Of Past. Rent Out Your House Without Any Concern With New Rent Policy
In a massive relief to homeowners and landlords against illegal occupancy of property, the government has said that it is formulating a new rental policy which is likely to check existing loopholes of the system. “Very soon you will see a rental policy out,” Union Minister Hardeep Singh Puri said […]
14 Stock Projects For Last Mile Funding Through AIF Referred By LIC Housing Finance
LIC Housing Finance Ltd. has referred 14 real estate projects for last-mile funding through the alternative investment fund (AIF) created to revive stalled housing projects, said chief executive Siddhartha Mohanty on Friday. Mohanty told reporters that LIC Housing Finance’s exposure to these projects is about ₹1,100 crore and it is the […]