Category: Housing Finance

Follow the latest trends in housing finance, including home loan rates, mortgage policies, RBI updates, and government schemes. Stay informed about financial products and regulations that impact homebuyers, investors, and lenders in the real estate market.

Housing FinanceLatest Stories

Truhome Finance submits ₹3,000-crore IPO application

NEW DELHI: Truhome Finance, backed by private equity firm Warburg Pincus, has submitted preliminary documents to the Securities and Exchange Board of India (Sebi) seeking to raise ₹3,000 crore through an initial public offering (IPO). The IPO consists of a fresh issue of equity shares totaling ₹1,500 crore and an offer for sale (OFS) of equity shares also valued at ₹1,500 crore from its promoter, Mango Crest Investment Ltd, as detailed in the draft red herring prospectus (DRHP). The funds raised from the fresh share issue will be used to strengthen the capital base to satisfy future funding needs, including…

Housing FinanceLatest Stories

IIFL Home Finance Gets $300M Loan from Asian Development Bank

NEW DELHI: IIFL Home Finance (IIFL HFL) has secured a $300 million syndicated external commercial borrowing (ECB) facility from the Asian Development Bank (ADB). The financing package consists of $150 million from ADB, along with another $150 million through parallel loans from MUFG, Emirates Bank, Sampath Bank, and Hatton National Bank. ADB served as the mandated lead arranger and bookrunner for this deal. This is IIFL HFL’s inaugural syndicated ECB facility. The funds will be allocated to provide home loans to women in low-income communities in peri-urban and urban areas, especially in economically disadvantaged states. Over 25% of the loan…

Housing FinanceLatest Stories

Cluster-led, Resident-first Redevelopment: India’s Urban Future

Wankhede discussed the importance of social inclusivity in redevelopment, highlighting MHADA’s commitment to providing housing access beyond financial gains. At the RealtyDailyNews Realty Real Estate Conclave 2026, industry leaders and policymakers came together for a panel titled ‘Redevelopment & Urban Renewal: Transforming the Future of Indian Cities’. This discussion emphasized the necessity of brownfield redevelopment in space-constrained cities like Mumbai. Moderated by Anuj Puri, Chairman of Anarock Property Consultants, the panel included notable figures such as Anil Wankhede (Deputy CEO, MHADA), Prashant Sharma (President, NAREDCO Maharashtra and Chairman, GHP Corp), Sukhraj Nahar (President, CREDAI-MCHI and CMD, Nahar Group), Dhaval Ajmera…

Housing FinanceLatest Stories

ADB Allocates $108M to Aavas Financiers for Housing Loans

NEW DELHI: The Asian Development Bank (ADB) announced on Tuesday that it has finalized a senior secured debt financing package worth up to USD 108 million (approximately Rs 983 crore) with NBFC Aavas Financiers. This funding aims to enhance access to affordable housing loans for lower-income families and business loans for MSMEs in underrepresented regions across India. The package comprises concessional debt financing of USD 8 million (in INR equivalent) sourced from the Canadian Climate and Nature Fund for the Private Sector in Asia (CANPA), as detailed in an ADB statement. This financing will facilitate loans for self-built and green-certified…

Housing FinanceLatest Stories

Unity Small Finance Bank Eyes Housing Finance Next Fiscal Year

Unity Small Finance Bank, which missed the opportunity to acquire Aviom India Housing Finance, is focusing on exploring future prospects instead of rushing into any acquisitions, according to Jaspal Bindra, executive chairman of Centrum Group, in an interview with Atmadip Ray. Bindra also serves as a non-executive non-independent director at Unity Bank, which is predominantly owned by Centrum Group (51%). The bank plans to venture into the housing finance sector in the latter half of the year. Edited excerpts from the discussion follow: 1. Following Centrum’s housing portfolio sale, it was anticipated that Unity would enter the housing finance market.…

Housing FinanceLatest Stories

Muthoot Microfin Plans to Acquire Loan Against Property Firm

KOLKATA: Muthoot Microfin is currently in talks with two non-banking financial companies (NBFCs) in the micro loan against property (LAP) sector to acquire a majority stake, aiming for inorganic growth and expanding its secured lending portfolio, according to sources familiar with the matter. The firm recently entered the micro LAP business as part of a strategy to diversify its product offerings, helping to alleviate its reliance on unsecured microfinance. The inorganic growth would provide Muthoot Microfin with a robust foundation for expanding its micro LAP operations. “Muthoot Microfin is considering a majority stake acquisition that would enable it to gain…

Housing FinanceLatest Stories

Carlyle Group to Acquire Controlling Stake in Nido for ₹2,100 Cr

NEW DELHI: Edelweiss Financial Services Ltd and Carlyle Group announced on Tuesday that the US-based investment firm will acquire a strategic majority stake in Nido Home Finance, a fully-owned subsidiary of Edelweiss. The transaction involves investment funds associated with Carlyle Asia Partners (CAP) investing Rs 2,100 crore (approximately USD 230 million). This includes acquiring a 45% stake in Nido from Edelweiss through a secondary purchase and a primary equity capital infusion of Rs 1,500 crore (approximately USD 165 million) into the housing finance firm. Aditya Puri, Senior Advisor to Carlyle in Asia and former CEO and MD of HDFC Bank,…

Housing FinanceLatest Stories

Areion Group Secures ₹936-Crore Bid for Aviom India Housing

MUMBAI: Areion Group has successfully secured the bid for Aviom India Housing Finance, a mortgage lender embroiled in fraud issues, after secured lenders unanimously favored its resolution proposal over a higher but conditional offer from Unity Small Finance Bank, according to sources familiar with the situation. Areion’s ₹936-crore bid is projected to enable a recovery of around 65% for Aviom’s lenders. Despite Unity Small Finance Bank initially offering the highest bid of ₹977.5 crore during the competitive auction, secured lenders supported Areion Group’s unconditional proposal. The preference was influenced by Unity’s conditional offer, which raised concerns about execution, as confirmed…

Housing FinanceLatest Stories

NHB Advocates for Lower Home Loan Rates; Lenders Delay Cuts

MUMBAI: Sanjay Shukla, the managing director of the National Housing Bank (NHB), recently urged major home financiers to lower prime lending rates in a discussion with key industry players, as reported by RealtyDailyNews. However, mortgage lenders have postponed any rate cuts until their annual internal benchmarks are reassessed in April. “During our call, the NHB chairman stressed the need for the ecosystem to transmit lower rates to borrowers, asserting that the advantages of reduced borrowing costs haven’t reached existing clients,” stated the CEO of a major housing finance company (HFC). “While HFCs are securing funds at significantly lower market rates,…

Housing FinanceLatest Stories

Court lets DHFL off money laundering charges, cites IBC immunity

MUMBAI: A special court in Mumbai has discharged the now-defunct Dewan Housing Finance Corp Ltd (DHFL) from a Rs 5,050 crore money laundering case, stating that the company, under new management, is entitled to immunity under the Insolvency and Bankruptcy Code (IBC). The court made it clear, however, that while DHFL as a corporate entity is discharged, individuals implicated in the case do not receive the same immunity. On February 2, Special PMLA Court Judge RB Rote determined that DHFL is entitled to statutory immunity after successfully completing its resolution process under the IBC, which offers a structured approach for…