External Borrowing Norms for Housing Projects

The policy regarding ECB for the low cost affordable housing projects has been recently reviewed in consultation with RBI and has been rationalized as under: ¢ Developers/builders should have a minimum of three (3) years™ experience in undertaking residential projects as against five (5) years prescribed earlier and should have good track record in terms… Read More

Tags: Affordable housingExternal Commercial BorrowingfinanceLok SabhaNational Housing BankNHBPublic housingReal Estate

India Signs Loan and Project Agreements with World Bank for US $100 Million for Low Income Housing Finance Project

The Loan and Project Agreements for World Bank (IDA) assistance of US $100 million for Low Income Housing Finance Project were signed between Government of India/National Housing Bank(NHB) and the World Bank here yesterday. The Loan Agreement was signed by Shri Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of… Read More

Tags: Affordable housingfinanceFinance MinisterGovernment of IndiaIndiaNational Housing BankNHBWorld Bank

Perspectives on Housing Finance in India

(Remarks by Shri Deepak Mohanty, Executive Director, Reserve Bank of India, at the International Conference on Housing: An Engine for Inclusive Growth organized by the National Housing Bank at New Delhi on April 12, 2013) I thank Mr. R.V. Verma, Chairman and Managing Director, National Housing Bank (NHB) for the opportunity to be a part… Read More

Tags: Finance in IndiaHousing in IndiaIndiaNational Housing BankNew DelhiNHBReserve Bank of India

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