Tag: Housing Loans

LICHFL To Raise Rs.1000 Cr Real Estate Fund Thru ECBs

LIC Housing Finance Limited (LICHFL) will raise Rs.1000 Cr thru ECBs for residential development. The Housing Finance Limited, a subsidiary wing of insurance giant LIC, will raise Rs.1000 Cr through external commercial borrowings (ECBs). An official of the LIC Housing Limited revealed that the fund will be residential – development oriented. CEO of LICHFL Mr. […]

Assocham ask RBI to increase cap

ASSOCHAM ask RBI to increase the cap on priority sector home loans from Rs 20 lakhs to Rs 40 lakh. The industry body asks RBI to raise the limit in at least the metro cities including Delhi, Mumbai, Chennai and Kolkata as the property prices are increasing at a faster pace in these places. Assocham […]

Good Budget For Real Estate Sector

The Indian real estate sector has  largely welcomed the overall effect of  the budget, although saying that it could have done more for the industry. Pradeep Jain, chairman of Parsvnath Developers Ltd. told that the budget will enhance the socio-economic infrastructure of the country by giving needed emphasis to education, health and hospitality sector. The […]