Blackstone’s Aadhar Housing Finance targets $600-million IPO: Report

Blackstone’s Aadhar Housing Finance targets $600-million IPO: Report

Blackstone-owned Indian home loans provider Aadhar Housing Finance is targeting a $600 million-650 million initial public offering (IPO) at a valuation of up to $3 billion, two people with direct knowledge said on Tuesday. Private equity group Blackstone acquired Aadhar for about $300 million in 2019 as it bet on growing demand for affordable housing … Read more

India Shelter Finance is well placed to benefit from affordable housing opportunity

India Shelter Finance is well placed to benefit from affordable housing opportunity

ET Intelligence Group: Haryana-based India Shelter Finance Corporation (ISFC) plans to raise ₹800 crore through a fresh issue of equity to augment its capital base and another ₹400 crore through an offer for sale by some of its investors. The shareholding of the promoter and key investor WestBridge, which is not selling any stake, will … Read more

G20: Urbanisation must be instrument of job creation, poverty elimination, says Amitabh Kant

G20: Urbanisation must be instrument of job creation, poverty elimination, says Amitabh Kant

India’s G20 Sherpa Amitabh Kant on Thursday said successful cities are fundamental to a successful nation, underlining that urbanisation must be an instrument of growth, job creation, and elimination of poverty. Speaking at the inaugural session of the two-day Urban20 City Sherpas’ inception meeting here, Kant said cities must be designed for cycling, walking and … Read more

‘This is a war’: Californians seek affordable housing alternatives | CNN Business

‘This is a war’: Californians seek affordable housing alternatives | CNN Business

Los Angeles CNN  —  At 26, Ixchel Hernandez has become the defender and protector of her family’s modest apartment. In the two decades they’ve lived in their Los Angeles home, the family of four has successfully fought against multiple attempts aimed at pricing and, ultimately, forcing them out. “We are human beings with the right … Read more

Budget 2022: Realtors seek higher affordable housing, homebuyers’ tax benefits limits

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Real estate developers are seeking an increase in the limit of home loan interest deduction for tax rebate to Rs 5 lakh from current ceiling of Rs 2 lakh, a review of definition of affordable housing, lower long-term capital gains tax for real estate and new provisioning for rental housing in the upcoming Union Budget … Read more

Maharashtra govt mulls affordable housing for garbage, sanitation workers

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The government of Maharashtra is considering a plan to provide low-cost and affordable houses to sanitation and solid waste workers in and around Mumbai. The state’s cabinet Minister for Housing Jitendra Awhad has directed authorities including the Maharashtra Housing & Area Development Authority (MHADA) to explore options for devising a plan around the same. “Even … Read more