For Quick Alerts
For Daily Alerts

    Housing Finance Stocks Rise After Cabinet Approves "Housing For All" Scheme


    Shares of the housing finance companies rose today after the cabinet approved the launch of "Housing for All by 2022" scheme. With interest subvention of 6.5 percent on housing loans.

    Also read: What is interest subvention?

    Housing Finance Stocks Rise After Cabinet Approves
    LIC Housing Finance: Quotes, News
    BSE 517.55BSE Quote5.65 (-1.09%)
    NSE 517.45NSE Quote5.95 (-1.15%)
    Dewan Housing Finance Corporation: Quotes, News
    BSE 157.20BSE Quote13.45 (-8.56%)
    NSE 157.10NSE Quote13.9 (-8.85%)

    "Under the Credit Linked Interest Subsidy component, interest subsidy of 6.5 percent on housing loans availed upto a tenure of 15 years will be provided to EWS/LIG categories, wherein the subsidy pay-out on NPV basis would be about Rs.2.3 lakh per house for both the categories, said in the official statement.

    The Mission also prescribes certain mandatory reforms for easing up the urban land market for housing, to make adequate urban land available for affordable housing.

    LIC Housing Finance was seen trading higher by 3.51% at Rs 429, GIC Housing Finance up 3.14% at Rs 217, Dewan Housing Finance up by 3.44% at Rs 427), Indiabulls Housing Finance 2.32% at Rs 595 and Housing Development Finance Corporation (HDFC) was up 0.68% at Rs 1,207 on BSE at 12.20 PM IST.

    Read more about: real estate housing lic housing
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more