HDFC Bank, in a strategic move to streamline its portfolio, plans to sell key commercial and residential properties acquired from its 2023 merger with HDFC. Expected to generate around ₹3,000 crore, this divestment signals a shift towards core banking operations and digital growth.

The Insolvency and Bankruptcy Board of India (IBBI) suggests granting ownership to debt-free purchasers who already own their property during the insolvent real estate firm's bankruptcy settlement. However, the committee of creditors must approve this plan.

Kotak Mahindra Bank would buy Standard Chartered Bank India's ₹4,100 crore personal loan portfolio. This transaction should be completed in three months, pending regulatory clearances and closing conditions. The loans purchased are conventional, easing the transfer for banks and clients.

MahaRERA has warned purchasers about 314 housing projects undergoing corporate bankruptcy resolution at the National Company Law Tribunal. A major 236 projects are in Mumbai, 52 in Pune, nine in Haveli, and five each in Ahmednagar and Solapur.

High land prices and lengthy clearance delays are limiting Indian real estate project debuts. Land acquisition, regulatory difficulties, and legal issues are causing a supply-demand mismatch in Mumbai, Bengaluru, and Delhi-NCR.

Bank of Baroda, a major Supertech Group lender, approved the Dehradun project resolution plan. This approval is crucial, allowing 600 homeowners to finally get their houses. The proposal, presented to the NCLAT, is Supertech's first lender-approved project.

Godrej Housing financing, Aadhar Housing Finance, and HUDCO were fined by the RBI for not following its housing financing guidelines. Inspections under the National Housing Bank Act led the RBI to cite erroneous loan appraisals, early interest charges, and poor risk management, etc.

In Mumbai, Bajaj Finserv chairman Sanjiv Bajaj said Bajaj Housing Finance should become the "HDFC of the future." He observed that the mortgage giant left the industry after a reverse merger with its banking business, creating this opportunity.

With new regulations, the RBI has changed how housing finance companies (HFCs) can raise and handle public deposits. New rules restrict HFCs from boosting public deposits for more than five years. The RBI has also lowered the deposit limit from three times to 1.5 times net owned funds.

First Bank Leases Goregaon Premium Office Space Mumbai: IDFC First Bank has leased an office space at Göegaon's Oberoi Commerz III tower spread across 4 floors. Under the five-year leasing arrangement, the bank would pay ₹170 crore in rent.

Hyderabad-based Lansum Properties acquired a 3.6-acre Bengaluru land tract for over ₹200 crore. Sources say this outstanding Kokapet area would be developed into premium housing. Lansum Properties secured ₹250 crore from IndusInd Bank to fund this ambitious luxury project.

Securing a property loan involves navigating various factors such as credit history, property appraisal, and more. This guide will help you understand the essentials that impact your eligibility for home financing.

Bank lending to commercial real estate, including residential projects, rose 23% last fiscal year excluding the HDFC-HDFC Bank merger. Loans totaled Rs 3.97 lakh crore. Including the merger, growth rose to 38.9%, with Rs 4.48 lakh crore in loans as of March 31.

The State Bank of India has committed Rs 714 crore to TCG Urban Infrastructure, a New York-based company, for the development of a World Trade Center in Gurugram. This project promises to offer one million square feet of leasable space.

The bankruptcy court allowed Macrotech Developers to buy V Hotels Ltd., which owns the Tulip Star Hotel, formerly the Centaur Hotel. The property in Mumbai's upmarket Juhu neighbourhood will be bought by Lodha Group business Macrotech Developers for Rs 890 crore.