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Piramal Finance enters into housing finance segment – ET RealEstate

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The housing finance company had posted a standalone net profit of Rs 594.34 crore for the corresponding period of 2017-18 fiscal. PTI | May 06, 2019, 08:48 IST NEW DELHI: LIC Housing Finance Saturday.

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Many non-banking finance companies and even the large banks have seen huge growth in this segment. Several builders and financing companies in the country are now moving into the affordable housing.

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L&T Housing Finance had disbursed Rs 976 crore in the housing segment while Rs 2076 crore in real estate finance segment in Q3 FY18 . Its overall profit after tax (PAT) from housing finance business.

Majority of the increase in ticket size was led by the higher average unit size, which rose 33% to 1,500 sq ftSobia Khan | ET Bureau | Updated: March 13, 2017, 14:35 IST BENGALURU: Hyderabad property.

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Ankit Sharma | ETRealty | Updated: September 14, 2019, 16:37 IST NEW DELHI: With a focus on construction of unfinished units, Nirmala Sitharaman, finance minister, on Saturday announced special window.

Competitive pressures and larger exposure to the self-employed are the prime reasons for the build-up of stress in the segment. housing was nearly seven times the level observed for traditional.

“We are pleased to enter into partnership with marquee investors like Piramal and Ivanhoé Cambridge. The current investment is a testament to our proven track record in the affordable housing segment.

Satin’s board had approved the formation of a wholly- owned housing finance company and its entry into affordable housing segment in February 2017.PTI | November 22, 2017, 10:30 IST NEW DELHI: The.

it emerges that Navi Mumbai has a mere 15% of the overall pent-up housing stock in MMR. This accounts for around 36,400 units as of H1 2018 – most of it in the affordable-to-mid-segment budget range,”.

NEW DELHI: Indiabulls Housing Finance reported a dip of 25% in its net profit during the quarter ended June 2019. Its profit after tax (PAT) stood at Rs 790.03 crore as against Rs 1,048.68 crore it.

"Through the wholesale business, we already have sanctioned Rs 3,250 crore to developers in Pune. Now, through the housing finance business, we will offer home loans, loan against property and small-ticket construction finance to the developers in the Pune market," Piramal Finance Managing Director Khushru Jijina was quoted in the media as saying.