Tag: Housing finance

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Centre urges unified urban planning, expanded credit for housing needs

File Photo NEW DELHI: On Friday, Union Housing and Urban Affairs Minister Manohar Lal stressed the necessity for cooperation among policymakers, financial institutions, and urban planners to improve accessibility and inclusivity in housing finance, especially with the anticipated surge in India’s urban population. During a conference organized by the National Housing Bank (NHB) and the Asia Pacific Union for Housing Finance (APUHF), the minister underscored the importance of integrated urban planning, which includes developing housing linked to transportation and innovative policies to meet future demand. Citing a joint study conducted by NITI Aayog and the Ministry of Housing and Urban…

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

Advent to Invest ₹2,750 Crore for 14.3% Stake in Aditya Birla

MUMBAI: Advent International, a leading private equity firm, has announced its intention to invest ₹2,750 crore for a 14.3% stake in Aditya Birla Housing Finance (ABHF), as revealed by both companies on Tuesday. ABHF is a wholly-owned subsidiary of Aditya Birla Capital (ABC), which serves as the financial services arm of the diversified Aditya Birla Group. The investment will be made by Indriya, an Advent entity, through a primary share issuance, according to an official statement. The boards of ABC and ABHF have given their approval for the capital raise, with the transaction pending approval from shareholders, regulatory bodies, and…

Housing FinanceLatest Stories

Home loans surge nearly 4x to ₹37 lakh crore by March 2025

NEW DELHI: According to the Economic Survey 2025-26, housing finance has seen a significant expansion, with outstanding individual home loans increasing nearly fourfold to ₹37 lakh crore by the end of March 2025. The share of home loans in relation to GDP grew from 8% in 2015 to 11% in 2024-25, indicating robust growth in this sector. Post-COVID, housing sales have surged, further driving demand for home loans. The report states, “The ‘real estate and ownership of dwellings’ sector has contributed approximately 7% to annual GVA on average over the past decade, underscoring its critical role in services-led growth and…

Housing FinanceLatest Stories

Can Fin’s Growth Journey Expands in the North

Can Fin Homes has seen its stock rise nearly 22% in the last three months, with a 10% increase following the announcement of its second-quarter results on October 18. Over the same period, the BSE Financial Services index has gained more than 9%, with a 2% increase since October 18. The housing finance company expects to boost its Assets Under Management (AUM) growth to over 15% in FY27, compared to an anticipated 12% for the current fiscal year. This growth will be driven by an expansion in Northern regions and a recovery in its current markets in the South. In…

Housing FinanceLatest Stories

Sammaan Capital Secures $300M Through International Bonds

MUMBAI: Sammaan Capital, formerly known as Indiabulls Housing, has successfully raised $300 million (approximately ₹2,600 crore) through three-year bonds aimed at international investors. This marks the company’s inaugural international bond issuance in its new identity. The fundraising occurred at a yield of 8.95%, representing the first high-yield bond offering from India in the current fiscal year. CEO Gagan Banga stated that the funds will help diversify the company’s funding sources. Following this issuance, 10% of Sammaan’s funding will come from international markets. “We’ve been preparing for this issuance since April, waiting for the right investors, and we have successfully secured…

Housing FinanceLatest Stories

EQT Acquires Niwas Housing Finance

Swedish fund EQT has successfully acquired Niwas Housing Finance Limited, previously known as Indostar Home Finance, from IndoStar Capital Finance Limited, as stated by the company. EQT plans to invest ₹500 crore (approximately $58 million) to fuel Niwas’s geographic expansion and enhance its digital capabilities. Established in 2017, Niwas offers affordable mortgage solutions to retail customers in tier 2 to tier 4 cities across India and has assisted over 47,000 low-income homeowners and small enterprises. As of March 31, 2025, Niwas boasts assets under management exceeding ₹3,000 crore, which consists of granular, retail, and secured loans. K.R. Kamath, Chairperson of…

Housing FinanceLatest Stories

LIC Housing Finance trims lending rate by 25 bps

Sure! Here’s a rewritten version of the content: NEW DELHI: LIC Housing Finance has announced a reduction in its benchmark lending rate by 25 basis points, following the recent policy rate cut by the Reserve Bank of India. This adjustment to the LIC Housing Prime Lending Rate (LHPLR) aims to make home loans more accessible for both existing and new borrowers, as stated by the LIC subsidiary. The updated interest rates will begin at 8 percent and will take effect from April 28. The LHPLR acts as the standard rate for determining interest rates on all loan types. Published On…

Housing FinanceLatest Stories

Westridge to Sell 9.8% Stake in Aptus Value Housing

Aptus Value Housing stocks will be under the spotlight on Tuesday as private equity firm Westridge Investments intends to sell a 9.8% stake in a transaction valued at Rs 1,495 crore, as reported by CNBC-TV18. The floor price for the transaction is set at Rs 305 per share, according to sources. Aptus Value Housing Finance India experienced a 26% year-on-year increase in net profit for the March quarter, driven by robust disbursement growth and improved operational efficiency. The profit after tax reached Rs 207 crore, up from Rs 164 crore during the same period last year. Disbursements saw a 10%…