UwidoNews

LIC Housing Finance, the home loan arm of Life Insurance Corp, aims to raise Rs 500 crore through public deposits in 2009-10. The move is part of it strategy to shed dependence on the wholesale funding market.The company last year received permission from the Reserve Bank of India to raise deposits from the public and raised Rs 170 crore.

Mortgage major Housing Development Finance Corp (HDFC) might extend its new home loan scheme beyond January, if cost of funds remained stable, a senior company official said today.

The Overseas Private Investment Corporation Opic , a US agency that helps American companies invest abroad and promotes the development of emerging markets, will lend $80 million (Rs382.4 crore) to Repco Home Finance Ltd (RHFL).

Bangalore-based maker of medical diagnostic equipment, Opto Circuits (India) Limited has raised Rs 400 crore from qualified institutional buyers (QIBs).

L&T Finance, the financial services arm of engineering and construction major L&T, plans to issue retail bonds, its second retail issue in less than six months.
The company plans to raise up to Rs 500 crore through a non-convertible debenture (NCD) issue which will involve retail investors, according to sources.

Kishore Biyani’s Pantaloon Retail is the latest to join the QIP bandwagon. The company plans to raise Rs 1000 crore through a QIP to institutional investors.

India needs Rs 3.6-lakh crore of investment over the next five years to construct an additional 2.65-crore housing units for six crore citizens, a top HDFC official said.
http://economictimes.indiatimes.com/articleshow/5244594.cms

LIC Housing Finance on Thursday said that it has cut interest rates for new customers.

Chandigarh Housing Board (CHB) has rolled out several latest plans and schemes for Chandigarh in its recent status report.The board has set for itself the target of providing houses to more than 30,000 residents belonging to different economic segments.Sanjay Kumar, Housing-cum-Finance Secretary, UT Administration, said CHB would complete the construction of 10,816 flats in Sector 49 (Group I and II); Dhanas; Ram Darbar and Sector 26 (E) by June 2010 at an estimated cost of Rs 51.34 crore.