Housing Finance Firms

Housing sales and new supply increased 22 per cent and 86 per cent, respectively, during January-March this year on better demand, according to residential brokerage firm PropTiger.com. REA India, a full-stack real estate technology platform, owns Housing.com, PropTiger.com and Makaan.com. In its report titled Real Insight Residential - January-March 2023, PropTiger.com said that housing sales rose to 85,850 units across eight cities in January-March 2023 from 70,630 units in the year-ago period. New launches grew 86 per cent to 1,47,780 units -- highest in a quarter -- from 79,530 units. Reports of other property consultants have also reported an increase in housing sales during the January-March quarter despite a rise in mortgage rates in the last one year. "The Indian housing market is witnessing a significant growth, with both sales and new launches on the rise. This is particularly noteworthy considering the challenging global environment and the hardening of interest rates on

Shriram Housing Finance Ltd., which offers home loans, largely in the affordable housing segment, has received interest from several private equity players, including BPEA EQT, formerly Baring PE Asia

Golf Course Road Extension will offer 1.6 million square feet of premium residential development

'Good sustenance in home buying', says mortgage lender in statement

IHFL's balance sheet and AUM have stabilised and the base has been formed for 10% YoY growth in loans this financial year

The uptick in operating income reflects robustness in the home loan portfolio and hike in lending rates

GIC Housing Finance has said it is mulling to raise up to Rs 2,500 crore by issuing bonds on a private placement basis to augment its capital resources. "Seeing the long-term borrowing requirement of the company and to augment resources at a cheaper rate of interest, approval is sought to mobilise some more funds by way of issue of redeemable NCDs/bonds on private placement basis," GIC Housing Finance said in its annual report 2021-22. The housing financier will seek approval from its shareholders on the capital raise plan in the upcoming annual general meeting on September 23, 2022. The company said whether the funds will be moped-up in one or more tranches will depend upon the requirement, time of issue as well as market conditions, in accordance with the decision of the committee of the board members. GIC Housing Finance stock closed at Rs 144.95 apiece on BSE on Thursday, up by 3.83 per cent from previous close.

Rising interest rates, higher inflation and increasing cost of construction are likely to slow down growth of affordable housing finance companies in the current fiscal, a report said on Thursday. Affordable housing finance (ticket size below Rs 25 lakh) has proven to be one of the most resilient sectors to economic cycles and seen rapid progress over the past decade, India Ratings and Research said in a report. With 25 per cent compound annual growth rate, the affordable housing sector has outpaced the overall housing finance sector growth in the past five years. However, some tailwinds that had supported the sector earlier seem to be moderating and thus could slow down the pace of sector loan growth, it said. "Rising interest rates, reduced cash flow of borrowers on account of the high inflation rate, increasing cost of construction, leading to both a rise in property costs and slowdown in new inventory launches, and halting of the government's Credit-linked Subsidy Scheme (CLSS)

Bankers bullish on local acquisitions by India Inc in rest of FY23

Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion

This is the second investment by ADIA in entities working in housing finance space in FY23. Last month, it concluded a deal to pick up 10% in HDFC Capital Advisors for Rs 184 cr

Nadkarni joins PCHFL from global investment firm KKR, where he was managing director & CEO of the India real estate lending business.

Going forward, the growth trend is expected to continue, driven by healthy demand in the industry, increasing level of economic activity and increasing vaccination in the country, Icra ratings said

Piramal Capital & Housing Finance (PCHFL) has tied up with API Holdings to provide financing solutions to customers and has earmarked an amount of Rs 100 crore for disbursement by the end of this fiscal. Piramal Capital & Housing Finance Limited (PCHFL), the wholly-owned subsidiary of Piramal Enterprises Limited, has forged a strategic partnership with API Holdings through its digital platform Retailio, a release said on Thursday. Retailio is India's largest digital B2B healthcare platform. The partnership aims at synergizing respective capabilities to provide efficient and seamless financing solutions to consumers, retailers and merchants in the API Holdings' healthcare ecosystem. "Under this partnership, PCHFL Finance has earmarked an initial amount of Rs 100 crore for disbursement by March 2022, which will get upsized basis initial market response," PCHFL said. PCHFL will cater to products like Buy Now Pay Later (BNPL) for consumers and merchants, multi-collateral loans for

Analysts believe that HDFC was able to gain the market share, especially from other HFCs and even smaller banks, due to its superior liability franchise and lower cost of fund

Shriram Housing Finance has drawn up an aggressive growth trajectory for the next two years with a plan to close the loan book at around Rs 5,600 crore this fiscal, and end FY24 at Rs 10,000-cr mark

This happened despite the second Covid-19 wave; ratings agency estimates securitisation volumes for FY2022 at more than Rs 1.2 trillion

Sundaram Home Finance is a wholly-owned subsidiary of non-banking finance company Sundaram Finance Ltd

The total maturing debt of HFCs for 2020-21 is estimated to be Rs 2.9-3.2 trillion, of which Rs 1.4 trillion is accounted for by debt markets, rating agency ICRA said in the report.

In a regulatory filing, the company informed that its total loan amount outstanding from banks and financial institutions stood at Rs 498.57 crore as on December 31