IRDA relaxes investment norms for housing, finance firms
Housing finance companies and infrastructure finance companies will get higher funding from the insurance companies as the sector regulator Insurance Regulatory and Development Authority (IRDA) has relaxed investment norms for these firms.
VPT gets ‘Open space’
Visakhapatnam: Objections are being raised against the Visak-hapatnam Port Trust’s (VPT) attempts to construct a housing complex in Mudasarlova, which lies within the catchment area of the reservoir.
Govt may relax lending norms for cash-strapped realty sector
The Finance Ministry is considering a proposal to relax funding norms for the realty sector so that good housing projects are not starved of funds.
"The Ministry is actively looking at options ... ho
1.9 lakh houses needed
The housing needs of the fast-growing metropolitan city are spiralling. By 2021, Kochi’s population is expected to touch 7.8 lakh, which means that 1.9 lakh additional houses will be needed for all in
HDFC quarterly net profit up 20 per cent
India's largest home lender Housing Development Finance Corp (HDFC) on Monday reported a 20.2 per cent rise in net profit for the quarter ended Sep 30 at Rs.970.7 crore.
Income from operations rose 4
India has 20-70 million housing shortage
India has an estimated housing shortage ranging from 20 million to 70 million, yet as much as half of this excess demand can be profitably serviced by the housing and housing finance markets, says a n