The IMF’s April 2025 Regional Economic Outlook for Sub-Saharan Africa presents a clear warning: regional growth is slowing, debt pressures are mounting, and donor assistance is declining. Yet the report outlines critical opportunities particularly in domestic revenue mobilization, structural reform, and private sector activation that can shape a more resilient …
Officials of the Ministry of Housing and Urban Poverty Alleviation (MHUPA) met the representatives of other Ministries — Finance, Defence, Culture, Civil Aviation, Environment and Forests and Climate Change — on Wednesday to set up a system through which affordable housing projects are cleared at a faster pace. At present, …
PM Narendra Modi's new government on Thursday unveiled a Budget it said can revive growth after the longest slowdown in a quarter of a century even while curbing borrowing. Narendra Modi's government, in office for less than two months, said it would raise caps on foreign investment in the defence …
Developers have demanded lower borrowing cost for the housing sector as well as reduced taxes to promote affordable housing The Budget is expected to have incentives to the real estate sector as well as a vision for affordable housing. Monday’s Presidential address to the joint session of Parliament focused on …
The housing shortage in the urban areas has touched 18.78 million units, where 95% of the shortage is in the economically weaker section and low income group, a report by the National Housing Bank (NHB) said. The Report on Trend and Progress of Housing in India - 2013 said the …
The housing shortage in the urban areas has touched 18.78 million units, where 95% of the shortage is in the economically weaker section and low income group, a report by the National Housing Bank (NHB) said. The Report on Trend and Progress of Housing in India - 2013 said the …
The World Bank has signed an agreement with the Indian government to provide a USD 100 million loan to help low-income families secure housing loans. "The Loan and Project Agreements for World Bank (IDA) assistance of USD 100 million for low-income housing finance project were signed between Government of India/National …
Bank Loans To Applicants Have Not Gone Beyond 20% So Far The state government’s ambitious move to scale up the affordable housing project from 1.25 lakh homes to five lakh houses has boomerang, putting the government in a fix. Slated to be one of the biggest housing schemes in the …
Loan granted under concessional International Development Association window on a long-term basis for 25 years The World Bank has approved a concessional loan of $100 million to the National Housing Bank (NHB) for implementation of low income housing programme. The loan has been granted under the concessional International Development Association …
The govt intends to construct about 20,000 units annually under the scheme To meet the growing demand for affordable housing in the state, the government is planning to build 5000 housing units immediately under a new scheme. "Immediately we plan to take up a project at Gothapatana, on the outskirt …
Govt asks bankers to pitch in with Rs 1,000 crore for scheme With an eye on wooing voters for the 2014 Assembly elections, Haryana is all set to launch a housing scheme for the poor in its upcoming Budget. The scheme, which will mean an additional outlay of Rs 2,650 …
Now annual income up to 1 lakh will be EWS and those between 1 lakh and 2 lakh LIG In a far-reaching decision that would impact a large number of Economically Weaker Section and Lower Income Group households in Delhi and curb to a great deal the practice of making …
New Delhi The special extra-commercial borrowings (ECB) window for low-cost housing projects will be subject to a cap of $1 billion to start with. The detailed norms for ECB access to this segment, which is facing a funds crunch, are likely to be announced soon, say government sources. In August, …
Mumbai In a move that could give a further fillip to the economic reforms kickstarted by the Centre last week, the government has now told commercial banks to fund partially completed residential projects, as well as projects in small towns on a priority basis. At a meeting between the secretary …
In a strong bid to promote energy conservation in the residential sector, German KfW Development Bank is providing a loan of euro 50 million to National Housing Bank (NHB) for refinancing housing loans to buy energy efficient housing units. KfW has pushed a similar scheme in Germany, where it provided …
New Delhi In a bid to spur real estate players to build homes for the low-income population, the proposal to allow them to access end-use linked external commercial borrowings (ECBs) for low-cost housing will soon be implemented. According to a senior government official, “the Reserve Bank of India (RBI) is …
The Housing and Urban Development Corporation Limited (HUDCO) wants to focus on housing for the economically weaker sections. On Tuesday, its Chairman and Managing Director V. P. Baligar said the organisation has upped its performance in the social housing sector, and is keen to do more. “We are in discussions …
Escrow account, routing of fund through specified agencies under consideration, real estate bodies want clarity in definition The finance ministry is building safeguards to ensure realty companies do not misuse the external commercial borrowing (ECB) window announced in the Budget by diverting the money. A senior official told Business Standard …
External lenders may not find low-income or affordable housing attractive, due to the low profit margins and high risk A proposal has been mooted for all external commercial borrowing (ECB) for affordable housing to be routed through the National Housing Bank (NHB), mooted by the latter. Many in the real …
The National Housing Bank (NHB) will set up a loan guarantee fund of Rs 1,200 crore for the urban poor. The broad contours of this proposal announced during the Budget 2011-12 guarantees housing loans up to Rs 5 lakh for the urban poor in metros and other cities. "The scheme …
