Tag Archives: housing

After IL&FS Episode, Govt Fears Default from NBFCs, Housing Finance Firms: Report

Department of Economic Affairs (DEA) fears significant default from large non-banking finance companies (NBFC) and housing finance companies in the next six weeks if no additional liquidity support is provided to these firms, MoneyControl said on Friday. The DEA, in a letter to the Ministry of Corporate Affairs, described the financial situation as “still fragile” when discussing the financial stability ... Read More »

Piramal Housing Finance to raise Rs 400 cr via Commercial Paper

Ajay Piramal, chairman, Piramal Enterprises Piramal Housing Finance, which began operations last month, will lift its first market borrowings through Rs 400-crore commercial paper, a short-term money market instrument.   Rating agency ICRA has assigned ‘A1+’ rating to the housing finance company’s commercial paper.   ICRA said the company enjoys operational synergies with its parent Piramal Finance Ltd, thanks to PFL’s experience in real estate lending and the large ... Read More »

New housing finance firms eye affordable housing space

Lodha Ventures, Centrum Housing Finance, JM Financial and Piramal Finance have either started giving out home loans this year or are awaiting licences to begin operations. Photo: Mint Bengaluru: New entrants in the mortgage lending space are focusing on providing small home loans to customers in cities and small towns, aided by government schemes and initiatives to promote affordable housing. New ... Read More »