LIC Housing Finance Ltd. has referred 14 real estate projects for last-mile funding through the alternative investment fund (AIF) created to revive stalled housing projects, said chief executive Siddhartha Mohanty on Friday. Mohanty told reporters that LIC Housing Finance’s exposure to these projects is about ₹1,100 crore and it is the […]
Check For These Legal Documents if Buying A House
Owning a house is often a dream for many. Buying a property, wherever it may be, is a long-drawn-out process. There are several hurdles that prospective homeowners need to cross, including having to deal with brokers, tenancy laws and even property condition, not to mention financing. Every document and procedure […]
Negative Outlook on Real Estate for FY 21 Maintained By India Ratings
India Ratings and Research (Ind-Ra) has maintained a negative outlook on the overall real estate sector for 2020-21 (April-March). The stimulus packages provided by the government for the sector does not provide much hope given the limited financial flexibility of and reduced credit availability to companies. The ratings agency has […]
Rise of 2-3 Tier Cities is driving A realty Rally
Over the decades, as metropolitan cities in India were flooded with migrants, the influx led to growing shortfalls in civic facilities. As the number of residents rose every year, living conditions gradually went from bad to worse. Conversely, property rates kept rising with each passing year, making most people’s chances […]
Earls Signs Of Green Shoots Witnessed By Residential Realty
The country’s residential real estate market is beginning to look up. India’s top 35 property markets, including tier I and II, recorded 3% year-on-year and 5% sequential growth in sales during the quarter ended December, data from Liases Foras Real Estate Ratings & Research shows. Of these, 27 cities saw […]