Magicbricks said the property price to annual household income ratio (P/I Ratio) in India has increased from 6.6 in 2020 to 7.5 in 2024.
The company's top-line growth for the 12 months period ending March 31, 2023, increased by 92.32 per cent YoY at Rs 3,724 lakh. Profit after tax during the year jumped over 1,000 per cent YoY to Rs 697 lakh.
The company has reported a whopping 545 per cent year-on-year (YoY) growth on PAT for nine months ending December 31, 2022, according to a filing by the company.
The initial share-sale will be open for public subscription on Aug 10, and conclude on Aug 12, the company said.
PNB Housing Finance on Monday said its board has approved a proposal to raise up to Rs 4,000 crore by issuing equity shares and convertible warrants to entities led by Carlyle Group firms.
PNB Housing Finance hopes to disburse around Rs 13,000 crore loan in current fiscal, and expects demand to pick up around October-November with the onset of festive season.
The Reserve Bank on Wednesday proposed to double the minimum net owned fund (NOF) requirement for housing finance companies to Rs 20 crore and classification of such firms under its draft framework for these companies.
The committee, in its report to the RBI, has recommended that "an intermediary to promote housing finance securitisation with the primary functions of standard-setting and market making should be established by National Housing Bank".
If you are looking to buy a home and are concerned about the tax and interest rates, you should take a look at what a joint home loan offers. Taking a joint home loan eases the burden of debt and also allows you to opt for a higher amount of loan. But first, you must read on to know the benefits of taking a joint home loan and who all can opt for it.
Mumbai: Mortgage lender Indiabulls Housing Finance (IBHF) is aiming to raise Rs 4,500 crore through bond issues in 2014-15, a top company official has said. “We will raise Rs 4,500 crore in this fiscal through
Mumbai: Following the Reserve Bank's concern over ‘concentration risk', gold loan major Mannapuram Finance today said it will be diversifying into lending for small businesses and housing finance. “The regulator wants us to diversify and
Mumbai, Nov 18: LIC Housing Finance, a subsidiary of Life Insurance Corporation (LIC), may rope in an external consultant to advise it regarding its proposed foray into banking business.“We may rope in a consultant for
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