Tuesday, Jun 28, 2022
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Property | Festivals To Drive Up Demand In Housing Finance Sector
Ads

Festivals to drive up demand in housing finance sector

By PTI
Published: Published Date - 06:19 PM, Fri - 6 November 20
Home loan disbursements by HFCs during September 2020 were better at 105 per cent compared to September 2019 Home loan disbursements by HFCs during September 2020 were better at 105 per cent compared to September 2019

New Delhi: The National Housing Bank (NHB) said there are distinct signs of green shoots in the housing finance sector.

New approvals of housing and non-housing loans by HFCs during September 2020 were at 130 per cent of the previous period, NHB, the regulator for housing finance companies (HFCs), said. Home loan disbursements by HFCs during September 2020 were also better at 105 per cent compared to September 2019, it said.

NHB’s refinance March 2020 onwards is at a record high of Rs 33,293 crore, it said, adding that this includes Rs 14,046 crore of refinance sanctioned under the Special Liquidity Facility announced by Finance Minister Nirmala Sitharaman as part of ‘Aatmanirbhar Bharat Package’.

The rising refinance offtake and sanctions by HFCs so far indicate that demand for housing is back in the market, both in low-income group (LIG) and middle-income group (MIG) segments, and ensuing festive season would witness a greater traction, it said.

  • Follow Us :
  • Tags
  • Aatmanirbhar Bharat package
  • Finance Minister
  • HFCs
  • housing finance companies

Related News

  • BJP ruled states far away from Telangana in per capita income: Harish Rao

  • KTR demands Central Govt to withdraw plans to sell PSU lands in Telangana

  • Petrol price to reduce by Rs 9.5 per litre, Diesel by 7

  • Rajya Sabha election schedule released

  • FM Nirmala Sitharaman invites US investors to join India’s growth story

  • Editorial: Crypto needs regulation

Latest News

  • Missile strike on Ukrainian shopping mall a terror act: Zelensky

    3 mins ago
  • 40 people found dead inside tractor-trailer in Texas

    22 mins ago
  • After multiple surgeries, this minor rape victim is finally smiling

    30 mins ago
  • Google to shut down Hangouts, tell users to switch to Chat

    36 mins ago
  • 12 killed, 251 injured in toxic gas leak at Jordan port

    40 mins ago
  • Tesla workers find lack of seats, crappy Wi-Fi as they return to office: Report

    48 mins ago
  • Instagram and Facebook remove posts offering abortion pills

    51 mins ago
  • About 200 brands register for EPR ahead of Single Use Plastic ban

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam