LIC Housing Finance Limited aims to establish a residential real estate fund of Rs.1000 Cr via external commercial borrowings to enhance affordable housing.
LIC Housing Finance has successfully closed Rs 250 crore for its first real estate private equity fund, targeting Rs 500 crore total investment.
LIC Housing Finance plans to expand its senior citizen homes business across India, aiming for a public listing within five years. The company has completed projects in Bangalore and Bhubaneswar, and is now eyeing Jaipur, Haridwar, and Goa.
SBI discontinues teaser home loan rates, aligning with RBI's directive. New rates range from 9.5% to 10.25%, based on loan amount, and are linked to SBI's base rate.
LIC Housing Finance plans to launch a Rs 500 crore real estate fund by the end of this fiscal year. They are seeking a banking partner and will approach SEBI for approval.