In a letter dated June 11, NHB has advised the company to pay a penalty of ₹80,000 plus GST for non-compliance with policy regarding disbursement of home loans in the year 2015
1 min read15 Jun 2021CREDAI President Satish Magar termed the government's announcement as 'half-hearted attempt' to revive the ailing real estate sectorThe Credai Chairman said the government should remove the unit price cap of ₹45 lakh for availing the additional deduction of ₹1.5 lakh on home loan interest
3 min read15 Sep 2019The government is also likely to make changes to the definition of affordable housing as sought by developersCreation of a stress fund and the inclusion of financial institutions undr RERA are likely to figure the government's upcoming announcement on the realty sector
2 min read27 Aug 2019The scheme is for purchase of pooled assets of NBFCs and HFCs up to ₹1 lakh croreThe additional liquidity support to be provided by the National Housing Bank (NHB) will help the real estate sector
1 min read23 Aug 2019National Housing Bank advised housing finance companies to stop providing loans to finance subvention schemes offered by builders to sell homesMove will lead to increase in interest cost for homebuyers and aggravate the liquidity crunch faced by real estate developers, say realty bodies
2 min read23 Jul 2019The housing regulator has also recommended that housing loans should be offered strictly linked to different stages of constructionNo upfront disbursal should be made in case of incomplete projects
1 min read22 Jul 2019Changes may not affect large HFCs such as HDFC and Repco Home Finance, which are capitalized at above 15%The decision to review the regulatory framework for HFCs comes in the wake of the liquidity crisis, sparked off by the defaults by IL&FS
2 min read20 Jun 2019The National Housing Policy of 1988 envisaged setting up of the NHB as the apex institution to promote the housing sectorThe RBI has exited the NHB, thus making it a fully government-owned entity
1 min read30 Apr 2019RBI's divestment in Nabard and National Housing Bank was based on the recommendations of the Narasimham Committee-IIRBI stake sales in Nabard and NHB to the government amounted to ₹20 crore and ₹1,450 crore, respectively
1 min read24 Apr 2019DHFL said the meeting was called for 'regular agenda items' and to present the report made by auditor T P Ostwal & Associates LLPA four-member committee of the regulator is expected to submit its report in the next few weeks
1 min read14 Mar 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared