Housing Development Finance Corp. on Wednesday reported a 23% rise in its fiscal first-quarter net profit by controlling its borrowing cost, but the results still reflected the company’s struggles to retain its share in India’s mortgage market. … India’s largest mortgage lender by assets faced stiff competition from State Bank of India, which continued with its special scheme of offering home loans with an 8% interest rate, forcing HDFC to make similar offers.

Most Popular Articles

Here's where the real housing affordability crisis exists

Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time? If not, which is one is true? HousingWire Columnist Logan Mohtashami takes a deeper dive.

Feb 17, 2020 By

Latest Articles

Cost of renting continues to steadily rise

While rent prices are going up, the latest 3% year-over-year increase marks the slowest pace in 18 months, according to a new report from RentCafe.

Feb 19, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please