Daily Real Estate News Digest (20th August 2019)

Aviom Housing Finance raises Rs 60 crore.

With the new round of funding, the total amount to be raised by the Delhi-based Aviom Housing Finance has reached Rs 86 crore which the company will use to expand its scope of operations in tier two towns and cities.

ET Realty

DHFL lenders arrive at three-level resolution plan.

Lenders to Dewan Housing Finance (DHFL) have agreed on a three-level resolution plan that includes conversion of debt to equity and issuance of nonconvertible debentures, steps that will give creditors majority stake in the embattled financier and help resume stalled credit lines.

ET Realty

Cholamandalam plans to enter housing finance business.

Cholamandalam Investment & Finance Co., an Indian financier for vehicles, is persisting with its plan to set up a mortgage-finance unit undeterred by a credit crunch that’s roiling shadow banks in the nation. 

ET Realty

Owners who register after September 6 to get only 55% land back: DDA.

Land owners in Delhi, who register under the Land Pooling Policy after the deadline of September 6, will only get 55 per cent of their land back after infrastructure development. However 60% of the pooled land will be returned to those who register before time.

ET Realty

Eye on polls, Maharashtra govt’s package for real estate industry.

Ahead of Assembly polls, the Maharashtra government has unveiled a Rs 2,200-crore fiscal package for Mumbai’s real estate industry, offering significant cuts in premiums that builders pay for availing additional buildable area or floor space index (FSI) for their projects.

The Indian Express

Govt exempts NBFCs from debenture reserve requirements.

India’s shadow lenders and listed companies who issue debentures will no longer have to maintain a certain level of redemption reserves against them.


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