The meeting was conducted with the secretaries of the ministries of Finance and senior management teams
They will collectively be able to complete 60,000 houses with Rs 8,767 cr investment
Experts say though the moratorium on loan repayment is available to developers till August, many are expected to struggle in repaying lenders subsequently
The situation in the non-housing segment is expected to be worse
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.
For the housing sector, the authorities are aware of the strong linkages it has with the economy.
Net interest income (difference between interest earned and expense) growth of 9 per cent YoY to Rs 3,239.9 crore was better than analyst expectations of around 8 per cent
The base size of the issue is Rs 500 crore with an option to retain oversubscription up to Rs 1,500 crore
NHB asks housing finance firms not to give loans where builders pay on behalf of borrowers
DHFL, one of India's largest housing finance companies, said it's 'undergoing substantial financial stress' and its ability to raise funds is 'substantially impaired'.
Rural development initiatives both on physical and social infrastructure could spur employment and consumption
However, given the under-penetration of mortgages, the agency expects growth to recover soon
In the past two to three years, close to 15-20 firms are focusing on lending to the informal sector.
Commercial banks saw their share of the business decline from 67 per cent in 2012 to 63 per cent in March 2017
What happens if the developer goes bust and doesn't deliver? The lender will now try to squeeze money out of owners of houses that don't exist
It's been a two-year bull run in HFC shares, stoked by govt initiatives
The slowdown was due to lack of new project launches, investors deferring home purchase decisions
There is no change to the risk weights for housing loans of up to Rs 30 lakh
Lower provisioning and risk weights to drive further rate cuts in home loans
Vastu Housing Finance is trying to leverage technology to establish and distinguish itself