Tag: affordable housing

IndustryLatest Stories

SWAMIH Fund Aids Completion of 61,000 Stalled Homes

NEW DELHI: The Special Window for Affordable and Mid-Income Housing, a government-supported stress fund, has successfully completed over 61,000 homes in stalled projects as of December 15. The fund is expected to deliver more than 100,000 homes, benefitting over 400,000 individuals, the Finance Ministry stated. “Demonstrating effective deal execution and responsible capital use, the fund has fully committed its entire investable corpus ahead of the investment period ending on December 5, 2025. “The fund’s portfolio includes over 145 projects across 30 cities, establishing SWAMIH (Special Window for Affordable and Mid-Income Housing) as the largest residential-focused stress resolution platform in the…

Latest StoriesResidential

Himachal Pradesh Promotes Eco-Friendly, Affordable Housing

SHIMLA: The Himachal Pradesh government is focused on promoting systematic development to ensure affordable and eco-friendly housing options that suit the state’s mountainous geography, as stated by Urban Development and Housing Minister Rajesh Dharmani on Wednesday. Minister Dharmani chaired a review meeting of the Himachal Pradesh Real Estate Regulatory Authority (RERA). He emphasized that RERA is crucial in safeguarding consumer rights within the real estate sector and facilitating the resolution of property disputes. The authority ensures transparency by providing essential information about real estate projects to homebuyers, thereby bolstering their confidence, he added. Officials reported that there are currently 269…

Latest StoriesResidential

Union Minister Launches Smart City Housing Project

PUDUCHERRY: Union Minister of State for Home Affairs, Nityanand Rai, inaugurated a multi-storied tenement under the Puducherry Smart City Mission on Saturday. Located in Chinnayapuram hamlet, these tenements provide affordable housing for the economically disadvantaged. The initiative benefited 220 sanitary workers who previously resided in deteriorated buildings, according to an official release. The event was attended by Lt Governor K Kailashnathan, Chief Minister N Rangasamy, PWD Minister K Lakshminarayanan, Puducherry Assembly Speaker R Selvam, Home Minister A Namassivayam, and BJP local president V P Ramalingam. The tenements consist of six blocks, equipped with essential infrastructure including internal roads, drinking water…

Latest StoriesResidential

Govt to Launch SWAMIH-2 Fund for 1 Lakh Stalled Homes

NEW DELHI: The government is in the final stages of shaping the SWAMIH-2 Fund, aimed at providing last-mile financing for the completion of delayed housing projects, according to sources. The introduction of the ₹15,000-crore fund is expected to benefit nearly 100,000 middle-class homebuyers whose investments are in limbo despite ongoing EMI payments on their housing loans. To support this initiative, the government has set aside ₹1,500 crore as seed capital for the Special Window for Affordable and Mid-Income Housing (SWAMIH) Fund in the 2025-26 budget. The mandates for the new fund are currently being finalized, with clearance anticipated soon. It…

Housing FinanceLatest Stories

LIC Housing Finance cuts new home loan rates to 7.15%

NEW DELHI: LIC Housing Finance Ltd announced on Monday that it has lowered its interest rate on new home loans to 7.15 percent. The new rates will take effect from December 22, 2025, with interest starting at 7.15 percent for newly sanctioned home loans. This decision comes as homebuyers continue to cautiously evaluate their purchasing choices, and the reduction is anticipated to enhance homebuyer sentiment. LIC Housing Finance aims to make home ownership more accessible with this initiative. This reduction follows the Reserve Bank of India’s Monetary Policy Committee’s recent 25 basis points repo rate cut. Published On Dec 22,…

InfrastructureLatest Stories

Public Transport Should Lead Urban Mobility, Says Housing Ministry

NEW DELHI: Union Minister of State for Housing and Urban Affairs, Tokhan Sahu, emphasized on Tuesday the need for public transport to become the primary mobility option in Indian cities. He highlighted that the increasing reliance on private vehicles is worsening air quality and traffic congestion, especially in the national capital. During a conclave hosted by the Delhi chapter of the National Real Estate Development Council (NAREDCO), Sahu stressed that urban planning should prioritize public mobility, enhance last-mile connectivity, and encourage housing developments near workplaces to boost the overall quality of life. He also noted that development must strike a…

Housing FinanceLatest Stories

Ajai Kumar Shukla Appointed MD and CEO of PNB Housing Finance

India’s PNB Housing Finance has appointed Ajai Kumar Shukla as its managing director and CEO for a five-year term starting December 18, resulting in a 5% increase in the mortgage lender’s shares. Shukla brings over 30 years of experience in housing and mortgage lending and will take over from Girish Kousgi, who was instrumental in accelerating the company’s growth in the affordable housing sector, outperforming its competitors. The announcement comes as significant home financiers face growing challenges from banks in the luxury home lending market, while affordable housing has become more appealing due to higher yields and limited competition. Currently…

Housing FinanceLatest Stories

Home Loans Rise 14%, Buyer Growth Only 7% in Gujarat

AHMEDABAD: While Gujarat’s housing finance numbers are on the rise, homebuyer sentiment remains stagnant. According to SLBC data for the September 2025 quarter, housing loan disbursements have increased by 14% year-on-year, climbing from ₹14,266 crore to ₹16,264 crore. However, the number of borrowers has only grown by 7%, from 95,532 to 1.02 lakh. This disparity highlights a healthy flow of credit but a lack of purchasing momentum, particularly among mass-market buyers. Banking sources indicate that most lending occurs in major cities such as Ahmedabad, Vadodara, Surat, and Rajkot. “Despite substantial lending activity, there is a notable decline in demand for…

IndustryLatest Stories

Punjab Cabinet Approves Stilt-Plus-Four Floor Building Rules

CHANDIGARH: On Tuesday, the Punjab cabinet approved the Punjab Unified Building Rules, 2025, which will permit the construction of stilt-plus-four floors in newly developed urban sectors. This decision was made during a council of ministers meeting led by Chief Minister Bhagwant Mann. According to officials, those owning a plot of at least 250 square yards will be eligible to construct stilt-plus-four floors in urban areas. A representative from the Chief Minister’s office stated that the new rules aim to establish a comprehensive and standardized framework for building and development across the state. These regulations will apply uniformly to both the…

Housing FinanceLatest Stories

Skybridge Ventures Acquires 24.5% Stake in India Home Loan

MUMBAI: Skybridge Ventures LLP has announced its acquisition of a 24.5% stake in India Home Loan Ltd through an off-market transaction. This acquisition underscores Skybridge Ventures’ confidence in the future growth prospects of affordable housing and retail financing in India, as stated by the Mumbai-based firm. Skybridge acquired over 34.99 lakh shares, constituting the 24.5% stake in India Home Loan Ltd, although specifics regarding the deal size were not disclosed. Based on the closing share price of India Home Loan on Friday, the value of the acquired stake amounts to Rs 14.85 crore. “India Home Loan Ltd has developed a…