NAMN FINANCIAL ADVISORY - MARKET UPDATES
HDFC Life to go ahead with IPO before merger with Max Life Insurance
- HDFC Standard Life Insurance Co. Ltd’s board on Monday approved a proposal to sell as much as 20% of the insurer through an initial public offering (IPO)
- The merger of Max Life and HDFC Life, both unlisted entities, to create a new company, to be tentatively called HDFC Plus
- This new company will then incorporate a new subsidiary in which they will transfer the insurance business
Reality Sector Updates
Housing Prices have risen Up by 10.5% in Jan - Mar 2017 period as witnessed from House Price Index
- Housing prices increased by an average 10.5% during Jan - March 2017 period
- House Price Index (HPI) measures the price changes of residential housing.
- In India, 2007 is taken as the base year for the study to be compareable with CPI & WPI.
- The index is based on transaction data received from housing registration in 10 major cities - Mumbai, Delhi, Chennai, Kochi, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur & Kanpur.
- Real Estate Sector contributes approx 5-6% of the country's GDP.
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