Warburg Pincus, a U.S private equity firm will acquire the stake in the affordable housing finance unit through its affiliate, Mango Crest at Rs 4,630 crore
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Niranjan Hiranandani, Chairman Naredco says, that in a developed country like the USA, the rental housing policy is so successful that 50 per cent of its populace prefers to live in such utilities
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The Minister of State for Housing and Urban Affairs, Kaushal Kishore share that builders tend to quote around 15 per cent less than the actual amount during the tender process
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Bharat Agarwal, Vice President of NAREDCO, says, Builders have no incentives to build MIG homes due to lesser demand and margins
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