All eyes on Bajaj housing Finance debut as GMP hints at blockbuster listing
The Street is eagerly anticipating the listing of Bajaj housing Finance, which received a record response to its IPO last week. According to grey market trends and analysts' estimates, the companys shares are expected to deliver multibagger returns to investors. The current GMP for the stock is approximately Rs 84, reflecting a premium of nearly 120% over the issue price. Key Points
Economic TimesMumbai Region's housing boom defies rising property prices: ANAROCK
Mumbai (Maharashtra) [India], March 24 (ANI): A new research by ANAROCK property consultants has shown that the residential real estate market in Mumbai Metropolitan Region (MMR) has witnessed a surge in home buying activity in recent times. This trend is seen despite the relentless rise in property prices in the region. Show Full Article The […] Key Points
ThePrint7.4 lakh evicted in past 2 yrs, highest in 2023, shows report by housing rights body
Housing & Land Rights Network report shows demolition drives disproportionately affect the poor. Major reasons for evictions include anti-encroachment drive, beautification & infra projects. Key Points
ThePrintCanada extends ban on foreign workers, international students from buying homes
Canada has extended its ban on foreign ownership of housing for an additional two years in response to concerns about affordable housing accessibility. The govt aims to prevent homes from becoming speculative financial assets, ensuring they are used as residences for Canadian families. The housing crisis is exacerbated by an influx of migrants and international students, leading to increased demand and rising costs. Key Points
Economic TimesBudget 2024 ammo for India to win real estate battle over injured China
Interim budget: India's budget plays a big role in strengthening the property market and supporting the Bharat Moment. The budget should focus on affordable housing and streamline clearance processes to promote growth in the residential real estate sector. It is crucial to grant industry status to the real estate sector and facilitate easier credit access. Increasing the tax rebate on home loan interest rates from Rs 2 lakh to Rs 5 lakh and providing incentives for developers and homebuyers will stimulate the affordable housing market. These measures will contribute to achieving 'housing for all' and invigorate the housing sector. Key Points
Economic Times
Budget 2024: Realtors seek tax benefits for homebuyers, affordable housing limit revamp
Real estate developers seek an increase in deduction of principal repayment of home loans and the reintroduction of the Credit Linked Subsidy Scheme (CLSS) for middle-income group. They also suggest reduced stamp duty as part of their recommendations to the Finance Ministry for the upcoming Union Budget. Key Points
Economic TimesFlaws in measuring housing contribution distorting inflation index: Experts
House rent inflation has been easing since the start of the year and fell to a 19-month low of 3.52% in December, showed data released last week. On the other hand, housing prices have been rising across cities, which experts say should reflect in rent prices. Key Points
Economic TimesFacing housing Shortages, Cities Try Cramming More Units on Lots
Cities across the country are changing zoning to try to meet housing demand and curtail soaring housing costs. But the practice has been controversial. Key Points
mintBetter placed for recovery? 6 housing finance stocks with an upside potential of up to 30%
Housing finance as an industry had its fair share of controversies. If one looks at the root cause of the NBFC crisis, it is clear, it was housing finance companies which were at the centre of the crisis. If one looks globally also, either directly or indirectly, they have been at the root of a financial crisis or a scam. One of the reasons why this sector carries such risk is that the underlying asset, which is real estate itself, is both cyclical and non-transparent. Despite all the ills, one of the biggest wealth creators in the history of the Indian stock market has been a housing finance company, erstwhile HDFC which now merged with HDFC bank. So, while they must have a portfolio, what you own is more important. Key Points
Economic TimesLittle stress on home loan repayment despite higher interest rates
The housing finance sector in India has seen improvements in asset quality despite a sharp rise in interest rates over the past one-and-a-half years. Rising income levels offset higher monthly instalments, and there are no signs of stress from an affordability point of view with rise in housing prices and higher interest rates. PNB housing Finance, which entered the affordable housing finance space 11 months ago, has 97% of its retail loan assets below Rs 1 crore ticket. Key Points
Economic Times
housing prices jump 39% in Q3 in this Bengaluru area; know how much property rates have increased in your
Housing prices in Bengaluru have risen by 18% year-on-year in the third quarter, largely led by the Periphery and Outer East region. housing prices here surged 39% year-on-year, all thanks to the launch of high-end luxury projects and the completion of KR Puram & Whitefield metro lines, according to a report released by CREDAI and Colliers and Liases Foras. How much returns can you expect from your property? Find out here Key Points
Economic TimesBetter placed than many in NBFC space? 6 housing finance stocks with upside potential of up to 32%
The recent RBI guidelines on tightening the normal for provision for unsecured lending, bring back the debate to whether from a long term perspective, it is better to own a good housing finance stocks as it largely secured portfolio or should be stick to unsecured lenders who have faster growth rate. Despite all the ills of the real estate and housing finance business, one of the biggest wealth creators in the history of the Indian stock market has been a housing finance company, erstwhile HDFC which now merged with HDFC bank. So, it is a business which is good to own but what you choose to own matters most. Key Points
Economic TimesAnother way to play the real estate boom? 6 home finance stocks with an upside potential of up to 33%
The NBFC crisis of 2018 has just completed its 5 years. If one looks at the root cause of the NBFC crisis, beside the lending issues by Yes Bank, it was housing finance companies which were at the centre of the crisis. If one looks globally also, either directly or indirectly, they have been at the root of a financial crisis or a scam. One of the reasons why this sector carries such risk is that the underlying asset, which is real estate itself, is both cyclical and non-transparent. So, now when the real estate market is in uptrend, are the housing finance companies a way to play that up move? Key Points
Economic TimesIndia's LIC housing Finance beats Q2 profit view on loan demand
India's LIC housing Finance (LICH.NS) reported a second-quarter profit on Wednesday that was slightly ahead of analysts' estimates on the back of healthy demand for housing loans. Key Points
ReutersPNB housing Finance share price volatile post Q2 results but experts remain upbeat; here's what they say
PNB housing Finance share price hit its 52-week high of ₹784.40 on October 19 this year and its 52-week low of ₹340.68 on November 21 last year. From its 52-week low level, the stock has surged about 111 per cent, as of the stock's previous session close of ₹718.30. Key Points
mint/cloudfront-us-east-2.images.arcpublishing.com/reuters/PLQKPRHWCZK5ZKB6FOFPWOSBMA.jpg)
India's PNB housing Finance posts 46% surge in Q2 profit on strong loan demand
India's PNB housing Finance (PNBH.NS) reported a 45.8% rise in the second-quarter profit on Monday, aided by healthy demand for home loans and improved asset quality. Key Points
ReutersMaking a comeback? 6 home finance stocks with upside potential of up to 33%
Housing finance is a business where perception is that because it is largely secured lending, chances of companies going down under are very low. But if one looks at the history, there are enough local companies and global corporations which have gone down under in the housing finance space. Despite all the ills, one of the biggest wealth creators in the history of the Indian stock market has been a housing finance company, erstwhile HDFC which now merged with HDFC bank. So, it is a business which is good to own but what you choose to own matters most. Key Points
Economic TimesIndia's LIC housing Finance Q1 profit jumps on strong loan demand
India's LIC housing Finance (LICH.NS) on Thursday reported a 43% rise in first-quarter profit, helped by strong demand for housing loans. Key Points
ReutersIndia's PNB housing posts 48% rise in Q1 profit on strong housing demand
Indian mortgage lender PNB housing Finance (PNBH.NS) on Monday posted a nearly 48% rise in its first-quarter profit, driven by robust demand for housing loans and improved asset quality. Key Points
ReutersSmall U.S. homebuilders tap the brakes as credit squeeze, rising rates hurt
Small U.S. homebuilders are backing off from bringing more houses to the market, discouraged by a banking crisis-led credit squeeze and rising borrowing costs, industry experts said, exacerbating the shortage of new homes. Key Points
Reuters
Govt launched housing scheme for migrant workers amid Covid exodus. 3 yrs on, only 5,648 flats ready
The Affordable Rental housing Complexes (ARHC) scheme aimed to convert 83,534 flats into rental units for urban poor and migrants. It has met only a fraction of this target since 2020. Key Points
ThePrintSundaram Home Finance plans foray into affordable housing
Sundaram Home Finance Ltd. (SHFL), as part of its expansion programme, is planning to enter into the affordable housing segment during the current fiscal, said a top official. Key Points
The HinduHome sales to stay on growth path as RBI holds repo rate
The Reserve Bank of India's decision to maintain the repo rate at 6.5% for the second time is expected to help the real estate market sustain its growth momentum in residential sales, particularly in the affordable, low- and mid-income housing segments. housing loan rates have increased to around 9%, and the consecutive rate hikes by the central bank since May 2018 have resulted in cost inflation for the sector with linkages to 260 ancillary industries. Key Points
Economic TimesHousing.com sees 4-fold jump in monthly traffic from pre-COVID level on fast digital adoption: CEO Dhruv Agarwala
A surge in traffic on Housing.com has helped in a sharp rise in the overall revenue of REA India during the 2021-22 fiscal (July-June) and the current financial year, he said. Agarwala projected that losses of REA India will start coming down from the 2023-24 fiscal starting July. Key Points
Financialexpress41 lakh homes in the pipeline in state
Over 1.6 crore citizens are waiting for delivery of 41 lakh homes in the pipeline which has an estimated investment of ₹14 lakh crore, said Maharashtra Real Estate Regulatory Authority (MahaRERA) chairperson Ajoy Mehta, emphasising why regulation was required from the government. | Mumbai news Key Points
Hindustan Times
RBI’s status quo on Repo Rate likely to support low income, affordable housing
Through six successive hikes since May, the central bank had raised policy rates by a cumulative 250 basis points taking the repo rate to 6.5%. It had hiked the rates last February making loans expensive. Key Points
Economic TimesPortugal ends golden visas, curtails Airbnb rentals to address housing crisis
Portugal will end its golden visa programme, which offers residency rights to non-EU nationals in return for investments including in real estate and has been criticised for boosting house prices and rents. Successful applicants can apply to obtain a passport after 5 years. | Travel Key Points
Hindustan TimesNo reduction in DDA's liabilities of over Rs 10,000 cr since 2022, unsold housing inventory to blame
Delhi Development Authority has been left with 16,000 unsold houses, with another 24,000 yet to be put on sale. It has now fixed revenue target at Rs 4,600 cr for upcoming housing scheme. Key Points
ThePrinthousing for all: About 3.36 crore houses delivered under PM Awas Yojana so far
New Delhi [India], March 23 (ANI): About 3.36 crore houses were built and handed over to beneficiaries, rural and urban combined, so far under the central government’s flagship housing for all scheme, the Pradhan Mantri Awas Yojana (PM-Awas). According to official data available for until March 18, 2.55 crore housing units came up in rural […] Key Points
ThePrintCanada may begin capping international students as system spirals 'out of control'
Canada Immigration Minister Marc Miller is considering implementing a cap on international students in response to escalating unemployment and housing challenges. Miller emphasized the need for dialogue between federal and provincial governments and expressed concern over the current system being 'out of control'. Key Points
Economic Times
NAREDCO seeks in budget Rs 50,000 crore more under SWAMIH for stalled housing projects
The government recently informed Parliament that as of November 16, 2023, 342 proposals aggregating to Rs 37,554 crore have been approved under SWAMIH. This will benefit around 2,18,699 homebuyers and unlock projects worth Rs 94,367 crore. Key Points
Economic TimesBudget expectations: Realty sector seeks industry status, higher tax relief for home buyers
As Union Finance Minister Nirmala Sitharaman prepares to present the maiden budget of Modi 3.0, the real estate sector has a lot of hope from it. While the... Key Points
The Tribune IndiaInterest rates and prudential norms together help home loan quality: Research
The research paper written is jointly by Amar Nath Yadav, Vivek Kumar and Jyoti Kumari of the Reserve Bank of India's Department of Statistics and Information Management and the external contributor Alok Kumar Chakrawal , vice-chancellor of Guru Ghasidas Vishwavidyalaya, Chhattisgarh. The views expressed are not necessarily of the central bank. Key Points
Economic Times‘All my friends have moved’: how UK cities have been hollowed out by housing price rises
In central London, schools are closing as low and middle-income families are priced out. But some suburbs have more young people than they can afford. And the pattern is being repeated across the UK Key Points
the Guardian