The housing finance regulator will mobilise this amount before end March this fiscal, R.V. Verma, Chairman & Managing Director, NHB told Business Line here.
NHB will again go back to RBI once the lender is finalised and the term sheet is ready, Verma added.
This is because the funds are being raised under the approval route.
Verma also said that NHB is in talks with only one lender and is not looking at several lenders (no syndication) for raising this amount.
Raising ECB will diversify NHB’s resource base and generate confidence among international investors in the Indian housing finance market.
Low-income housing is a new thrust area for NHB, which last year slashed refinance rates on loans up to Rs 5 lakh.
The Government has already decided to allow ECBs for low-cost housing projects.
Both NHB and housing finance companies are included as eligible borrowers for financing low-cost projects. Hindu Business Line
● Located bang on Kelambakkam-Vandalur Road, the community offers 2, 3 & 4 BHK high-rise homes…
New Delhi, March 17, 2025: SR Menon Properties LLP have purchased an apartment in Worli,…
Gurugram, March 17, 2025: Signature Global (India) Ltd., one of India's leading real estate developers,…
~ Poised to cater to the MICE and Wedding segments with lush gardens and expansive…
Strategic alliance to offer credit life insurance, to provide financial protection for home loan customers …
New Delhi, March 15, 2025: The Dwarka Expressway, once envisioned as a solution to Delhi's…