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PNB Housing raises Rs 690 crore from IFC to push affordable housing

PNB Housing Raises Rs 690 crore from IFC to Push Affordable Housing

PNB Housing Finance has raised $100 million (Rs 690 crore) from the International Finance Corporation, for providing small and medium ticket housing loans. Official data suggests that India needs to build 11 million homes in the affordable housing segment. Nearly 50 million people do not have adequate housing. “To support the Indian government’s vision of…

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Budget Push for Affordable Housing

Budget Push for Affordable Housing

Genuine beneficiaries and end users are now getting their dwelling units under the government’s programme ‘Housing for all by 2022’. If excess government held land is freed up for this purpose and the private sector is involved in the government’s agenda through incentives, success is assured —Ankit Sharma In her recent Union Budget 2019-20 speech,…

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