Housing may be perceived to have gotten very expensive at the current sky-high levels, but data compiled by mortgage giant HDFC Ltd shows that home prices are near their most affordable level in over three decades.
The Nifty futures open interest increased by 3.08% while Minifty futures open interest is increased by 0.60% as market closed at 4870.20 levels. The Nifty May future closed at a discount of 17.90 point against a discount of 1.35 points.
Shares of the country’s largest housing mortgage firm, Housing Development Finance Corp. (HDFC), declined 3.7 per cent on Wednesday after its weightage was reduced in MSCI’s (Morgan Stanley Capital International) indices.
Robust loan growth, stable spreads and improved asset quality are key reasons behind the better-than-expected profit delivered by HDFC for the March 2012 quarter.
A 24 per cent rise in net interest income enabled Housing Development Finance Corporation (HDFC) Ltd to report a 16 per cent rise in its net profit during January-March 2012 at Rs 1,326 crore, compared with Rs 1,142 crore in the corresponding period last
Housing Development Finance Corporation (HDFC), the largest mortgage lender in the country with nearly a third of the market share, is set to reduce its lending rates by 25 basis points (bps) early next week, people familiar with the development told
Citigroup Inc, the third largest lender by assets in the US, on Friday sold its entire 9.85 per cent stake in the country’s biggest housing finance company, Housing Development Finance Corporation (HDFC), for Rs 9,550 crore ($1.9 billion).
Citigroup is looking to exit Housing Development Finance Corp (HDFC) completely. The financial major has invited bids to sell its entire stake, 9.85 per cent, on Friday.
About 20 million shares of Housing Development Finance Corp (HDFC), India's top mortgage lender, changed hands in block deals on Wednesday, sending the share price down more than 2%.
Housing Development Finance Corporation (HDFC) has reported a 10 per cent growth in net profit for the quarter ended December 31, to Rs 981 crore as compared to Rs 891 crore recorded during the same period of the previous year.
Bullish bets on Housing Development Finance Corp’s futures are at a record high, on optimism that the country’s largest mortgage lender would withstand a slowdown better than other financial companies.
Deepak Parekh, the respected head of Housing Development Finance Corporation, who has been vocal about the ill-effects of drift in country’s leadership talks about the issue and what needs to be done with Karan Thapar on television channel
A fund managed by HDFC will invest about Rs 200 crore ($41 million) in one of the projects of New Delhi-based real estate developer ATS Infrastructure, two sources with direct knowledge of the matter said.
