Definition of Housing Finance In general, the term 'housing finance' can be treated as providing finance for residential housing purposes and should ideally not include finance for non-residential purposes like commercial real estate, etc.
Exposure to the group companies engaged in real estate business The Revised Framework seeks to curb the practice of double financing by the HFCs. Our thoughts While the Revised Framework seeks to provide a comprehensive framework to regulate the HFCs, and has also provided clarity on the financing activities which would fall within the ambit of housing finance business, the restrictions introduced by the Revised Framework with respect to double financing by the HFCs could have an impact on the real estate sector which is already facing a liquidity crisis.
Dinesh Gupta. Harshita Arora. Rent Control Acts were first introduced by the USA and other countries to monitor the uninhibited increase in rent and tenant eviction.
An easement is a right which the owner of a property has to compel the owner of another property to allow something to be done. V Ramana of Hon'ble Supreme Court has opined that "a person who asserts possessory title The doctrine of Estoppels, precludes a person from denying or to negate anything to the contrary of that which has been constituted as truth, either by his own actions, by his deeds or by his representations or by the acts of judicial or legislative officers. Over the past few years India has emerged as one of the fastest developing country and has witnessed upsurge in the economic activities on the back of significant influx of foreign investments coupled with technological collaborations.
This article attempts to highlight the significance of undertaking legal due diligence exercises in real estate transactions and the methodology to be followed. Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email.
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Weak links in the DRC housing value chain. Banking in Africa: Financing transformation amid uncertainty. European Investment Bank. In addition, the lending interest rate on credit from banks to prime borrowers is COVID—19 has caused many businesses and households to face insolvency and liquidity constraints that hamper their ability to pay back maturing bank loans.
In trying to make housing more affordable, the government has been exploring various options to ensure that more houses are built in the next five years. As part of the process, the government plans to establish a Habitat Bank and a National Fund for housing. Poverty and unemployment in Democratic Republic of Congo: inventory of fixtures, analyses and prospects.
Democratic Republic of Congo. Accessed 13 September Democratic Republic of the Congo Selected Issues. September The current supply of housing and basic services does not match the rising demand for affordable housing. This has led to a surge in construction and housing supply in the country aimed at reducing a housing backlog of almost four million units.
In response, the government has formulated a national land and national land-use planning policy to provide spatial plans for the country. To this end, President Tshisekedi announced a plan to establish a new administrative capital city to counter the problem of rapid population growth in Kinshasa.
The project consists of building a km2 smart city and building 6 housing units in the first phase and a further housing units within the next five years.
These plans aim to integrate the slums into the citywide urban planning strategy. Further, several initiatives are in the pipeline on the provincial level. Good quality dwellings in the DRC are those with floors, roofs, and exterior walls constructed from durable materials. Moreover, rapid urbanisation and lack of connectivity makes moving to the big cities very difficult.
The lack of reliable means of transport limits employment opportunities for workers and prevents companies from taking advantage of the economies of scale.
The DRC still lacks a strategic framework document that strengthens synergies between national and local levels of government for the reduction of disaster risk management. DRC not an easy environment, but Real Estate opportunities abound. Accessed 2 August A shortage of public and private sector developers for infrastructure development hampers the real estate sector. While demand for affordable housing is evidently high, the few past and ongoing housing projects are skewed towards the needs of middle-income and wealthy individuals.
Few Congolese can afford these prices. Currently, it requires 13 procedures and takes days to obtain a construction permit, a process costing approximately On property registration, the DRC is ranked out of economies, an improvement from previous year.
This puts the issue of housing finance at the forefront of the global development agenda. This requires managing risks and regulating the lending industry, as well as implementing targeted and fiscally responsible policy interventions. The business line is important because it provides economic stimulus across the economy — leverage on growth, investment, and jobs — through the constructive value chain, helps in maintaining overall financial stability housing finance markets representing a large share of the financial sector , and addresses the issue of urban poverty.
Housing finance is also a critical component of the financial markets deepening process with complex capital markets products, and linkages to the domestic and global institutional investor base.
We work on a variety of housing finance development challenges by providing client countries with the tools to build and expand housing finance markets, fund housing finance often through the mobilization of long-term mortgage securities where possible , develop sustainable and affordable housing finance markets, and respond effectively to housing finance crises. We focus on creating systems that address the needs of households across different income levels and developing solutions that are scalable, sustainable, and oriented to the private sector.
Our work in housing finance helps clients provide market-based safety nets, and fund long-term investments to support sustainable and inclusive economic growth.
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