India's K-shaped consumption pattern continues post pandemic
The divergence between affluent and broad-based household demand persists, says UBS.
affordable housing
May 2024
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India Shelter sets IPO price band at ₹469-493 per share; eyes to raise ₹1,200 cr
The Gurugram-based affordable housing financer has reduced its IPO size by one-third from ₹1,800 crore mentioned in the DRHP filed with the SEBI in August this year.
PNB Housing shares rise after affordable housing biz achieves ₹1,000 cr loan book
PNB Housing Finance recently launched its 100th Roshni branch in India and plans to take the total number to 160 by the end of FY24
Bank of Baroda to raise ₹5,000 cr via long-term infra bonds
The funds are being raised to finance infrastructure projects and affordable housing.
Real estate revival in sight! Affordable housing unsold inventory down 21% in two years
Among the top seven cities, Chennai, Pune and Mumbai Metropolitan Region saw the highest decline in unsold affordable housing stock over the last two years.
Real Estate: FM keeps to an ‘affordable’ promise
For homebuyers, the extension of previously announced incentives comes as a breather; commercial real estate gets a boost with TDS exemption for REITs, which will address the liquidity situation.
Budget: Affordable homes, unaffordable exemptions
While the Budget brings relief to the affordable housing sector, the removal of exemptions under the new income tax regime comes as dampener for the real estate sector.
Delinquencies across retail loans increase: CIBIL
The increase in delinquency rates was not uniform; It was most pronounced for loans against property, home loans, and credit cards. Overall delinquencies improved for auto loans.
Finance minister holds review meeting with bankers
FM Nirmala Sitharaman will hold similar meetings with representatives from MSMEs, auto, industry associations, financial market stakeholders, and others to address sector-specific issues.
FM homes in on the middle class
Nirmala Sitharaman announced an additional ₹1.5 lakh deduction in income tax for middle-class homebuyers which could stimulate the real estate market.
