Tag Archives: housing

Indiabulls Housing Finance to exit developer loan segment in next 3-5 years

Indiabulls Housing Finance (IBH) will exit the risk-laden developer loan, or commercial real estate segment, in the next three to five years as it rejigs business strategy after the Reserve Bank of India turned down the mortgage lender’s proposed merger with Lakshmi Vilas Bank. “We have to run down builder loans over the next three to five years and make ... Read More »

PNB Housing Finance raises around ₹690 crore from IFC

New Delhi: PNB Housing Finance Ltd on Monday said it has raised $100 million (around ₹690 crore) from International Finance Corporation (IFC), a member of the World Bank Group, to finance the purchase of affordable housing projects. “The investment was made under the central bank’s automatic route in the revamped external commercial borrowings (ECB) framework,” PNB Housing Finance Ltd said in a regulatory ... Read More »

Share market update: Nifty Financial Services index up; Indiabulls Housing Fin rises 2%

NEW DELHI: The Nifty Financial Services index was up with its components trading on a mixed note in Thursday’s afternoon session. Shares of Indiabulls Housing Finance (up 2.03 per cent), Max Financial ServicesNSE 0.23 % (up 1.82 per cent), Housing Development Finance Corporation (up 1.73 per cent) and State Bank of India (up 0.62 per cent) were the top gainers in the ... Read More »

DB Realty falls 7% after LIC Housing Finance files insolvency plea against co in NCLT

DB Realty fell over 7 percent intraday on Thursday as investors turned wary of the stock on the back of insolvency proceedings reports. LIC Housing Finance is believed to have filed insolvency plea against the company in the National Company Law Tribunal (NCLT), CNBC-TV18 reported, quoting news agency Cogencis. According to a report in DNA, the company is said to have defaulted ... Read More »

Not one bad number in July jobs report, says ex-White House chief economist

The jobs report on Friday didn’t just blow away expectations by adding 255,000 positions, but was strong throughout, the Republican former chief economist of the President’s Council of Economic Advisers said. “We have rarely gotten a report that didn’t have some hole, like you get jobs but there’s no wage growth, or the labor forces declines and the unemployment goes ... Read More »

The big jobs number is a win for luxury housing

A larger-than-expected employment gain in July could boost the recovery in prices for luxury U.S. homes. Stock market volatility caused a drop in luxury values in the first quarter of this year, but prices recovered slightly in the second quarter, rising 0.8 percent annually, according to Redfin, a real estate brokerage. Redfin defines a home as luxury if it is ... Read More »

Under one roof: Multigenerational housing big for builders

Jennifer Michaels didn’t expect her Seattle-area house would sell so quickly, especially since she hadn’t settled on a new home yet. With nowhere to go, the divorced mom moved herself and her two teenagers in with her mother, Lucy Abbott, thinking it would be temporary. Much to all of their surprise, they didn’t hate it. “I enjoy the life that ... Read More »