#RealtyNewsRoundup: DDA Site Gets 3 Lakh Hits On Day 1 Of Housing Scheme Launch

The Delhi Development Authority (DDA) on March 25 launched its new housing scheme online to sell nearly 18,000 flats across four categories. The DDA Housing Scheme 2019, which opened to receive applications in the morning, has "received three lakh hits" on the urban body's website.

***

The liquidity crisis has affected credit growth for housing finance companies (HFCs) and the situation is unlikely to improve much in financial year 2019-20, says rating agency Icra. HFCs expected to report a 13-15 per cent credit growth in FY19, which would inch up to 14-16 per cent in next fiscal year, it said. Weak external environment will put further pressure on the asset quality of these companies, the rating agency says.

***

Real estate major DLF on March 25 launched its qualified institutional placement (QIP) offer to raise over Rs 3,000 crore by selling 17.3 crore equity shares to investors. The floor price has been fixed at Rs 193.01 per equity share. DLF may also offer a discount of up to five per cent on the floor price.

***

Areas falling under the East Delhi Municipal Corporation (EDMC) have been declared open-defecation free (ODF) in a survey conducted by the Quality Council of India (QCI). The QCI conducted surveys at 17 different places in the areas under the EDMC. The places which were surveyed include residential, slum and school areas.

Source: Media reports