Jamshedpur gave birth to Telco (now Tata Motors) which has just launched the low-cost Nano; Jamshedpur, according to the 35-year old Tata Housing Development Company managing director Brotin Banerjee, is what inspired Tata Housing to launch its Shubh Griha low-cost housing project in Mumbai.
Housing Development and Infrastructure, country's third largest listed realty developer, has forayed into entertainment, power, oil & gas and broadcasting, among others, either directly or by acquiring stake. The company recently acquired a 51 per cent stake in Broadcast Initiatives, promoted by Sri Adhikari Brothers. Sarang Wadhawan talks about his company's plans and projects in an interview with Business Standard.
The realty companies include Housing Development and Infrastructure Ltd and Hyderabad-based Vasundhara Projects, while the oil services company is Hydrocarbon Resources Development.
Housing Development Finance Corporation Ltd allotted 20826 equity shares of Rs 10 each under an employees stock option scheme.
Developer to bid for work from those who win the final contract.
India's housing shortage is fuelled by the immigration of millions of villagers to the cities.
Tata Housing Development Company, a unit of Tata Sons, expects to earn Rs 700 crore (Rs 7 billion) in revenue from low-cost housing in the next four years, a top company official has said.
Housing Development Finance Corp Ltd allotted 1,32,222 equity shares of Rs 10 each under the employees stock option scheme.
It was not very easy to leave the family which I built for 20 years but then I got a very warm welcome from the Thackeray family.
Builders bet on affordable homes as luxury sales dip, however, signs of revival after note ban and Rera are slowly visible
Two Indians -- HDFC's Renu Sud Karnad and ICICI Venture's Renuka Ramnath -- have been named in the global list of top 25 Nonbank Women in Finance, compiled by American magazine USBanker.
Country's premier home loan financier, Housing Development Finance Corporation on Tuesday slashed its lending rates by 0.5 per cent effective.
With public sector banks reducing interest rates on home loans up to Rs 20 lakh (Rs 2 million), housing finance companies (HFCs) might be under pressure to follow suit in order to stay competitive.
Shaikh Saif bin Mohammed Al Shabibi, country's housing minister, said the recent royal decree amending the government land entitlement system was part of measures to revise the land law to cope with the housing development services being provided to the citizens. The ministry is coordinating with the authorities concerned to launch an electronic residential land application system using website and is also studying the possibility of receiving applications for land.
Housing Development Finance Corporation (HDFC) Chairman Deepak Parekh on Tuesday said that interest rates may rise owing to higher inflation, but lending rates are unlikely to change in the next one month.
An 18-month to two-year delay is expected in the Mumbai airport slum rehabilitation programme to find alternative land to relocate and resettle approximately 80,000 slum-dwellers, who have encroached on 276 acres of airport land.
The Sensex closed the day at 28,141, up 486 points, while Nifty50 settled at 8,716, up 155 points.
Parekh says drafting new I-T law is hindered by the lack of experience.
The two had signed an operating agreement for cross-selling each other's products recently.
HDFC has allotted 208,000 shares of Rs 10 each to its employees under stock option scheme.\n\n\n\n
Housing Development Infrastructure Ltd (HDIL) on Monday said a 20-25 per cent price fall is likely in the country's real estate sector, but Mumbai may be slightly insulated as it may witness a 10-15 price correction in prices.
With Women's Day coming up on March 8, Renu Sud Karnad, Exectuve Director of HDFC, speaks her mind about issues related to professional career women.
As yields on 10-year government bonds rose from 6.65% in April 2017 to around 7.50% now, liquidity pressures have increased the cost of funds for housing finance companies.
HDIL has sold its commercial property in Andheri for Rs 900 crore to Mack Star Marketing.
HDFC Managing Director Keki Mistry said: "We entered into simple hedging transactions and not exotic derivative transactions. The MTM gain cannot be recognised, as these transactions have not yet matured. The gains or the losses will be realised only after these transactions mature and the loans are paid back." This is why the housing finance company has not recognised the MTM gain in its profit and loss account.
Citigroup is expanding its relationship with Housing Development Finance Corporation beyond the stake it owns in the country's mortgage lender.
Standard Life has raised its stake in an Indian life insurance joint venture to 26 per cent ahead of a proposed flotation of the business on the Indian stock exchange in 2009.
The company also said that housing loan interest rates would fall in the days ahead.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
ICICI Bank will offer car loans at 13-13.25 per cent on a floating basis. HDFC will offer home loans at 10.50 per cent and SBI is also expected to cut retail interest rates.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
Kolkata's Shrachi group has joined hands with two non-resident Indians for a housing complex exclusively for NRIs and their parents living in India.
Housing Development Finance Corporation Ltd said on Tuesday it will acquire US-based Chubb Global Financial Services Corporation's 26 per cent stake in their joint insurance venture.
Both these online offers are, however, available for a limited period.
A week after unlocking Rs 124 crore (Rs 1.24 billion) from the sale of a Kilburn Engineering property, the Brij Mohan Khaitan group has announced another Rs 115 crore (Rs 1.15 billion) deal.
HDFC will use the proceeds of the issue to pump capital into its insurance venture, HDFC Standard Life Insurance Company Limited, maintain its majority stake in HDFC Bank and also support the mortgage business.
With rate cut expectations running high ahead of RBI meet this week, risk appetite improved especially in rate sensitive stocks
Housing Development Finance Corporation has joined hands with the Maharashtra government and State Industrial Investment Corporation of Maharashtra, its subsidiary, to bid for control of the troubled United Western Bank.
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