National Housing Bank
(Wholly Owned by the Reserve Bank of India )
New Delhi
HOUSING FINANCE COMPANIES (NHB) DIRECTIONS, 2001
Direction No. NHB.HFC.DIR. 16/CMD/2006 dated June 6, 2006
The National Housing Bank having considered it necessary in the public interest and being satisfied that, for the purpose of enabling the National Housing Bank to regulate the housing finance system in the country to its advantage, it is necessary so to do, hereby in exercise of the powers conferred on it by sections 30A and 31 of the National Housing Bank Act, 1987 (53 of 1987) and all the powers enabling it in this behalf, directs that the Housing Finance Companies (NHB) Directions, 2001 shall with immediate effect , be further amended in the following manner, namely:-
In paragraph 26, under explanation (3), of the Housing Finance Companies (NHB) Directions, 2001 for item (d) (i), the following shall be substituted), viz.
“i) Fund based and non-fund based exposures to commercial real estate (office buildings, retail space, multi-purpose commercial premises, multi-family residential buildings, multi-tenanted commercial premises, industrial or warehouse space, hotels, land acquisition, development and construction, etc.).”
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S. Sridhar
Chairman & Managing Director
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