Housing FinanceLatest Stories

NHB Anticipates RMBS Firms to Raise ₹10,000 Cr in FY26

Sure! Here’s a rewritten version of the content: Representative image MUMBAI: The country’s first-ever residential mortgage-backed securities were listed on Monday. The housing finance regulator, NHB, anticipates that firms will raise over Rs 10,000 crore through this method in the current fiscal year. The National Housing Bank-backed RMBS Development Company (RDCL) listed its inaugural set of securities worth Rs 1,000 crore, maturing in 20 years with a 7.26% monthly coupon, on the NSE. NHB’s Managing Director and CEO, Sanjay Shukla, stated that he anticipates up to 10 additional transactions this fiscal year, which will allow lenders to raise between Rs…

Housing FinanceLatest Stories

NHB Tightens Refinance Rules to Prevent Home Loan Misuse

MUMBAI: The National Housing Bank (NHB) has implemented new regulations for refinancing home loans on properties that are still under construction. According to an order issued to home financiers, NHB will now offer refinance only for loans where less than half of the construction is completed at the time of the initial disbursement. This regulation specifically pertains to loans designated for construction on plots or for building homes on self-owned land. NHB stated, “For loans extended to individuals for ongoing construction, refinance will only be available when no more than half of the construction is finished at the time of…