UCO Bank enters co-lending deal with Aadhar Housing Finance

11 Nov 2021 CW Team

Kolkata-based UCO Bank had entered a co-lending deal with Aadhar Housing Finance to provide home loans at competitive prices.

A UCO Bank spokesman told the media that the partnership aims to render easy and convenient home finance solutions to buyers from the economically weaker sections of society.

The co-lending framework of the Reserve Bank of India gives a tool for banks and non-banks to collaborate, leverage on their strengths to provide an affordable solution to the unserved and underserved sections.

Atul Kumar Goel, UCO Bank MD and CEO, on the occasion, said that home loan penetration in India at about 10% is one of the lowest globally.

Demographic changes, initiatives taken by central and state governments like Pradhan Mantri Awas Yojana, a decrease in GST on affordable housing and stamp duty reductions due to the pandemic are likely to provide a fillip to the affordable housing sector particularly in Tier-2 and smaller centres, he said.

Image Source

Also read: Yes Bank, Indiabulls Housing enter co-lending pact to offer home loans

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

Infrastructure Urban

26 Jun 2026

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..