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

CCI Approves Indriya’s 14.3% Stake in Aditya Birla Housing

NEW DELHI: The Competition Commission of India (CCI) has granted approval for Indriya’s acquisition of a 14.29% stake in Aditya Birla Housing Finance (ABHFL), marking a significant regulatory milestone in the ₹2,750 crore investment revealed earlier this year. This transaction involves Indriya, a part of global private equity firm Advent International, acquiring equity shares in ABHFL via preferential allotment on a fully diluted basis. Once completed, Indriya will own 14.29% of ABHFL, while Aditya Birla Capital (ABCL) will maintain the majority stake in its housing finance subsidiary. The deal received initial approval from ABCL’s board in February 2026. ABHFL is…

Housing FinanceLatest Stories

NHB Flags ₹933 Cr Extra Bad Loans in PNB Housing Finance

MUMBAI: PNB Housing Finance announced on Thursday that the National Housing Bank (NHB) has instructed it to reveal an additional ₹933 crore in bad loans from March 2023, following supervisory audits. Initially, the lender reported gross non-performing assets (NPAs) at ₹2,271.36 crore. However, after inspections, an extra ₹933.58 crore was discovered, raising the total gross NPAs to ₹3,204.94 crore. The discrepancy originated from a restructuring process in FY22-23 that did not comply with regulatory standards. This involved two project finance loan accounts, where interest rates were lowered for competitive advantages, even though both accounts were performing well at the time.…

Housing FinanceLatest Stories

Mumbai: Ex-bank manager, 9 others found guilty in 2004 fraud

MUMBAI: A special CBI court convicted a retired bank manager and nine others in a loan fraud case from 2004 on Tuesday, sentencing them to prison terms ranging from one to five years. The masterminds, Kashinath and Ganesh Pandurang Jadhav, received five years in prison, while former bank official Metha Sastry was given a one-year sentence under the Prevention of Corruption Act. Sastry, the senior manager at the Central Bank’s Prabhadevi branch in Mumbai, neglected essential pre- and post-sanction inspections. The court noted that these checks would have revealed the fraudulent nature of the buyers and their documents. Charges against…

Housing FinanceLatest Stories

Shubham Housing Finance Secures $96M from LeapFrog, Others

NEW DELHI: Shubham Housing Development Finance, a provider of affordable housing finance, has secured USD 96 million (approximately Rs 870 crore) from existing investor LeapFrog Investments and other stakeholders, including Creador. The investment strengthens Shubham’s future growth by establishing a robust shareholder base, combining global impact investors with leading regional private equity firms, and facilitating an exit for early investors, as stated in a joint announcement on Thursday. Over the past year, the company has seen significant growth, with assets under management nearing Rs 7,500 crore as of December 2025. This growth has been fueled by strong demand for affordable…

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…