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The real estate sector relief expected this week may include solutions for stalled housing projects for the stressed home buyers where projects could not be completed due to funding issues.(HT Photo/ Representative Photo)

Real estate relief for stalled housing projects on the way: Report

By Indo Asian News Service | New Delhi
UPDATED ON SEP 08, 2019 01:49 PM IST
There have been demand for as stress fund to deal with stalled projects and bail out lakhs of stuck homebuyers from both home buyers and builders side.
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Earlier, the finance minister had met the stakeholders of the real estate sector including developers and home buyers.(HT PHOTO)
Earlier, the finance minister had met the stakeholders of the real estate sector including developers and home buyers.(HT PHOTO)

Centre to make major announcements for real estate industry, stalled projects

By Indo Asian News Service | New Delhi
UPDATED ON SEP 04, 2019 08:42 PM IST
According to official sources, the reform measures for real estate industry would include additional funds for housing finance companies (HFC) and norm relaxation for developers seeking bank loans.
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Announcing this as part of measures to prop up the economy, Finance Minister Nirmala Sitharman said now the liquidity support for HFCs would be Rs 30,000 crore.(Photo: https://nhb.org.in/en/)
Announcing this as part of measures to prop up the economy, Finance Minister Nirmala Sitharman said now the liquidity support for HFCs would be Rs 30,000 crore.(Photo: https://nhb.org.in/en/)

Housing finance firms to get additional liquidity support of Rs 20,000 crore

By Press Trust Of India | New Delhi
UPDATED ON AUG 31, 2019 03:07 PM IST
The additional liquidity support to be provided by the National Housing Bank (NHB) will help the real estate sector which is facing a demand slowdown and cash crunch.
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In FY19, the government had infused more than Rs1 trillion in public sector banks. The last tranche of Rs48,239 crore in February had allowed six lenders to exit the Reserve Bank of India’s (RBI’s) prompt corrective action (PCA) scheme.(Mint file)
In FY19, the government had infused more than Rs1 trillion in public sector banks. The last tranche of Rs48,239 crore in February had allowed six lenders to exit the Reserve Bank of India’s (RBI’s) prompt corrective action (PCA) scheme.(Mint file)

Liquidity taps opened for banks and NBFCs

By Shayan Ghosh, Gopika Gopakumar | Livemint, Mumbai
UPDATED ON AUG 24, 2019 09:06 AM IST
The government also announced measures to support non-banking financial companies (NBFCs) and housing finance companies (HFCs).
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The seriousness of the crisis in the NBFC sector became clear last year when Infrastructure Leasing & Financial Services Ltd (IL&FS) defaulted on debt, jolting the country’s financial markets. It prompted the government to seize control of the non-banking lender.(HT Photo)
The seriousness of the crisis in the NBFC sector became clear last year when Infrastructure Leasing & Financial Services Ltd (IL&FS) defaulted on debt, jolting the country’s financial markets. It prompted the government to seize control of the non-banking lender.(HT Photo)

Govt, RBI monitoring NBFC crisis : FM Nirmala Sitharaman

By HT Correspondent | New Delhi
UPDATED ON JUL 06, 2019 11:56 PM IST
The seriousness of the crisis in the NBFC sector became clear last year when Infrastructure Leasing & Financial Services Ltd (IL&FS) defaulted on debt, jolting the country’s financial markets.
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The prices of residential properties are tracked on a quarterly basis.(HT FILE PHOTO)
The prices of residential properties are tracked on a quarterly basis.(HT FILE PHOTO)

National Housing Bank report has Pune property prices in deep freeze

By Prachi Bari | Hindustan Times, Pune
UPDATED ON JUL 05, 2018 04:57 PM IST
Even as cities like Kolkata, Hyderabad, Mumbai, Delhi, Bengaluru, Ahmedabad and Chennai have shown growth, Pune witnessed a dip of 1.4 per cent
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Last fiscal, the total disbursements of housing loans by PSBs and HFCs in 2017-18 also showed a growth of 33 % (Rs 3 lakh crore) as against Rs 3.2 lakh crore in 2016-17.(HT Photo)
Last fiscal, the total disbursements of housing loans by PSBs and HFCs in 2017-18 also showed a growth of 33 % (Rs 3 lakh crore) as against Rs 3.2 lakh crore in 2016-17.(HT Photo)

78% of new accounts booked in 2017-18 were home loans under Rs 25 lakh category: NHB

By Moushumi Das Gupta | Hindustan Times, Delhi
UPDATED ON JUN 28, 2018 07:54 AM IST
Under PMAY, launched by Prime Minister Narendra Modi in 2015 to provide housing for all by 2022, the Centre provides an interest subsidy on housing loans to the Economically Weaker Section/Low Income group and Middle Income group. The increased numbers point to a revival in the housing sector, clearly showing that the scheme is working, says NHB official.
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