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…

When the equity markets are performing well and interest rates are low, and you have surplus money in hand, you may wonder whether you should go for investments or prepay a home loan you may have availed. According to industry estimates, the average repayment tenure of home loans is around eight years, which means most…

The key demand drivers — such as low home loan rates and income tax sops, particularly for affordable housing — that supported the recovery in H2 FY2021, remain in place and will spur recovery again, feel experts. After the second wave of Covid-19 hit residential sales by an estimated 50 per cent in April and…