PNB Housing Finance board approves raising Rs 2,000 cr by issuing bonds

PNB Housing Finance targets 60 new Roshni branches by FY24 closure

PNB Housing Finance, a housing finance company, has set the target of adding 60 more Roshni branches by the end of this financial year, thereby increasing the total number of affordable branches to 160.

The company recently inaugurated its 100th branch, which is also the first all-women Roshni branch, in Tambaram, Tamil Nadu. Currently, there are 14 Roshni branches in Tamil Nadu, and the company aims to elevate this number to 22 by the conclusion of the current financial year.

Girish Kousgi, the Managing Director and CEO of the company, stated that the establishment of the first-..

PNB Housing Finance Expands Affordable Housing Reach

PNB Housing Finance, the third-largest housing finance company in India, is gearing up to expand its affordable housing branch network to 160 by the end of this fiscal year. Additionally, they aim to boost disbursements in the affordable housing segment by 33%, reaching Rs 10 billion during the current quarter, up from Rs 7.50 billion in the July to September quarter of the current fiscal year.

In a significant milestone, PNB Housing Finance recently inaugurated its first all-women branch in Tambaram, Tamil Nadu. This landmark event also marked the establishment of the company's 100th..

Omkara ARC acquires Rs 7.84-bn loan from PNB Housing of Joyous Housing

Omkara ARC has reportedly acquired a loan outstanding of Rs 7.84 billion from PNB Housing Finance of Joyous Housing Limited. The transaction was executed at par and assisted the mortgage lender in addressing a substantial non-performing asset.

The account was purchased by Omkara ARC through an all-cash deal.

According to a stock exchange announcement, PNB Housing Finance declared the successful resolution of a significant corporate non-performing account (NPA) valued at Rs 7.84 billion, which constituted approximately 1.3% of the loan assets as of June 30, 2023. The resoluti..

Brookfield India REIT to Acquire Bharti's Stake in Realty JV

Brookfield India Real Estate Trust (BIRET) is set to acquire nearly 50% stake in a real estate joint venture with Bharti Enterprises. This joint venture, Rostrum Realty Private Limited, includes properties across Delhi-NCR. The transaction is valued at approximately ?6,000 crores. Last year, Brookfield Asset Management already acquired a similar stake in four Bharti commercial properties.

With this acquisition, Brookfield?s REIT in India and Brookfield Asset Management will collectively control Rostrum Realty. This move is part of Brookfield's strategy to expand its real estate portfoli..

DLF Ventures into Mumbai, Goa with Luxury Homes This Year

DLF, India's leading real estate developer, is set to enter the luxury housing markets of Mumbai and Goa by the end of this financial year. The company plans to introduce high-end residential projects, marking its first significant ventures in these regions.

In Mumbai, DLF will launch a premium condominium project in Andheri, featuring luxury apartments priced between ?6 crore and ?8 crore. This development signifies DLF's re-entry into Mumbai's real estate market after a long hiatus. The project aims to cater to the burgeoning demand for luxury homes in India's financial capital.