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HDFC Bank to Monetize Real Estate Assets Worth INR 3000 Crore

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.

By Admin

  • 13th Nov 2024
  • 1149 Views
RBI Imposes Stricter Deposit Rules for Housing Finance Companies

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.

By Admin

  • 21st Aug 2024
  • 1194 Views
PMAY Urban 2.0 - Government Boosts Affordable Housing with INR 10 Lakh Crore Allocation

To promote affordable housing in India, the government has quadrupled the financial allocation to ₹10 lakh crore under the PMAY Urban 2.0 scheme. This extra funding is intended to boost affordable housing, especially for individuals relocating to cities for better jobs.

By Admin

  • 21st Aug 2024
  • 1202 Views
5 Significant Reasons That Long Term Capital Gains Tax Parity Will Boost Family Office Investments in Indian Startups

The Finance Budget 2024's LTCG tax parity at 12.5% for all financial assets and angel tax elimination would promote family office investments in India's startup ecosystem. This should boost early-stage investments and exit opportunities.

By Admin

  • 28th Jul 2024
  • 1229 Views
MMRDA Approved to Raise INR 50,000 Crore for Infrastructure Projects via Bonds

A strategic bond sale by MMRDA to fund INR 50,000 crore will accelerate Mumbai's infrastructure development. MMRDA hopes to overcome its financial issues and forward critical projects that would boost connectivity and growth with state government support and a strong financial plan.

By Admin

  • 7th Jul 2024
  • 1244 Views
PMAY Extension to Significantly Boost Indian Affordable Housing Sector

The Pradhan Mantri Awas Yojana (PMAY)'s financial assistance for 30 million more housing units will boost affordable housing and move closer to the government's goal of housing for all.

By Admin

  • 14th Jun 2024
  • 1253 Views
Indian Government Extends Funding for Rural Housing to Boost Completion

The Indian Finance Ministry has extended PMAY-G funds till September 2024 to build 3.5 million rural dwellings. This prolongation is part of the government's pursuit of "housing for all" by March 2024.

By Admin

  • 21st Apr 2024
  • 1269 Views
Indiabulls Real Estate Gets INR 1160 Crore Boost from Embassy Group

Embassy Group invested Rs 1,160 crore in Indiabulls Real Estate. Preferential allocation brings additional cash into Indiabulls, enabling new South Indian real estate developments.

By Admin

  • 7th Apr 2024
  • 1340 Views
How Industry Status Could Revolutionize Indian Real Estate?

The Indian real estate business is poised for a major change: industry recognition. This decision will boost growth and the sector's economic contribution.

By Admin

  • 31st Mar 2024
  • 1285 Views
Anarock Embarks on a Transformative Journey with Rs 200 Crore Boost from 360 ONE Asset

Anarock, an Indian real estate leader, received a massive Rs 200 crore investment from 360 ONE Asset Management, previously IIFL Asset Management. Anarock is part of 360 ONE, which manages over $54 billion in assets, and this financial injection is substantial.

By Admin

  • 6th Feb 2024
  • 1328 Views
India Shelter Finance to Boost Capital With INR 800 Crore Equity Issue and INR 400 Crore Offer for Sale

India Shelter Finance Corporation (ISFC), based in Haryana, is planning to increase its capital by raising ₹800 crore through new shares and ₹400 crore by selling some shares currently held by its investors.

By Admin

  • 11th Dec 2023
  • 1336 Views
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