Based on the project proposals submitted by states and union territories as per their assessed demand, 112,95,047 houses have been sanctioned across the country under Pradhan Mantri Awas Yojana–Urban (PMAY-U). Against the total sanctioned houses, 84,67,568 have been grounded for construction, and 50,16,642 have been completed and delivered to beneficiaries. This information was given by…

Paying home loan EMIs is a long-term commitment as it may span anywhere between 10 and 30 years. The financial situation of the borrower may see a huge change over the years. So, it’s always better to keep flexibility while entering into a contract with the lender. Your aim should be to complete the loan…

Realty developers Signature Global will invest Rs 700 crore to develop 1296 independent premium floors in 324 plots spread across 20.6 acre under DeenDayal Jan Awas Yojana (DDJAY) in Gurgaon. Signature Global is majorly supported by IFC, an arm of World Bank and HDFC CAPITAL. Each plot in the project will have four air conditioned…

International Finance Corporation (IFC) has provided a loan of $250 million ( ₹1,875 crore) to HDFC, India’s largest housing finance company, to promote affordable green housing finance for low and middle income borrowers. IFC, the private sector investment arm of World Bank Group, will support HDFC’s move to grow its green affordable housing portfolio by…