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…

The Pradhan Mantri Awas Yojana scheme falls short of covering the risk of death or disability of the borrower as the loans sanctioned under it do not have an in-built insurance provision. With COVID-19 pandemic hitting lives and livelihoods, it is important to consider relaunching the Pradhan Mantri Awas Yojana (PMAY) scheme with an in-built…