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Time of India
19-05-2025
- Time of India
5 affordable holiday destinations in Europe, Asia as vacation alternatives to Turkey, Azerbaijan
If you're looking to make a change, here are five alternative international destinations that offer rich experiences within the same expenditure. As Indians drop Turkey and Azerbaijan from their holiday plans, we bring you five affordable and culturally rich alternatives across Europe and Asia. By Yasmin Hussain. Tired of too many ads? Remove Ads 7 Days in Georgia Tired of too many ads? Remove Ads 7 Days in Serbia Tired of too many ads? Remove Ads 7 Days in Greece 7 Days in Thailand 7 Days in Vietnam With public sentiment turning decisively against Turkey and Azerbaijan over their stance on the India-Pakistan tension, many Indian travellers are reconsidering their travel platforms such as MakeMyTrip, Cleartrip, and Ixigo have reported a significant spike in cancellations for trips booked to Turkey and Azerbaijan. To show solidarity with the national sentiment, travel aggregators have suspended bookings and removed promotional offers for both travellers are now making plans for nations perceived as more friendly and welcoming to Indians. A typical budget trip to Turkey or Azerbaijan costs Rs.1-1.5 lakh per person—including round flights, visa, accommodation, activities, food, and local transport. If you're looking to make a change, here are five alternative international destinations that offer rich experiences within the same for one personRs.30,000 round trip (Delhi/Mumbai to Tbilisi; off-peak, Mar-Apr)Rs.1,800Rs.1,000 per day per head (meals, coffee, snacks)Hotel Rs.2,000- 3,000 a night (Rs.21,000 a week)Car rental Rs.2,000 a day(Rs.10,000-12,000 for 4 days)Georgian Lari (GEL),Rs.1.0.032 GEL (as of May 2025)Rs.2,000Rs.9,000-11,000Tbilisi, Kakheti wine region, Gergeti Trinity, BatumRs.1.1-1.2 lakh for one personRs.60,000 round trip (Delhi/Mumbai to Belgrade; off-peak, Mar-Apr)Rs.2,700Rs.1,700 per day per head (meals, coffee, snacks)Hotel Rs.2,000-3,000 a night (Rs.19,000 a week)Rs.800-1,000 a daySerbian Dinar (RSD), Rs.1.1.22 RSD (as of May 2025)Rs.2,000Belgrade, Novi Sad, SuboticaRs.1.1-1.3 lakh per personRs.45,000 round trip (Delhi/Mumbai to Athens; shoulder season, Mar-Apr)Rs.10,000-12,000Rs.2,500 per day per headHotel Rs.3,000 a night (Rs.21,000 a week)Scooter rental Rs.2,800-3,000 a day, car rental Rs.3,800-5,000 a dayEuro,Rs.1.0.01 Euro (as of May 2025)Rs.2,000Rs.4,000Athens, Paros, Naxos, SantoriniRs.80,000- 1 lakh for one personRs.20,000 round trip (Delhi/Mumbai to Bangkok; off-peak, Apr-May/Jul-Sep)Rs.2,500; visa on arrivalRs.1,200-1,500 per day per headHostel Rs.700-800 a night, hotel Rs.1,500-2,000 a night (Rs.14,000 a week)Taxi Rs.1,500-2,000 a day, ferry Rs.160 a ride per head, internal flights Rs.2,500-4,000 per person (total Rs.13,000-15,000 for a week)Thai Baht (THB), Rs.1.0.39 THB (as of May 2025)Rs.2,000Rs.22,000-25,000Bangkok, Phi Phi Island, Pattaya, PhuketRs.70,000-80,000 for one personRs.20,000 round trip (Delhi/Mumbai to Hanoi/Ho Chi Minh City)Rs.2,100Rs.1,200-1,500 per day per headHotel Rs.1,500-2,000 a night (Rs.10,000-12,000 a week)Scooter rental Rs.500-600 a dayVietnamese dong (VND), Rs.1.302.58 (as of may 2025)Rs.2,000Rs.10,000-12,000Hanoi, Ba Na hills, Ho Chi Minh City
Economic Times
05-05-2025
- Business
- Economic Times
Housing finance firms to raise up to Rs 12,000 crore via RMBS in FY26
Housing finance companies are expected to raise Rs10,000-12,000 crore in the current financial year through listed residential mortgage-backed securities, structured by RMBS Development Company Ltd, a National Housing Bank-promoted entity similar to the likes of Freddie Mac and Fannie Mae. ADVERTISEMENT The fundraising will be done across seven to 10 deals in the current financial year, Sanjay Shukla, managing director of NHB said on Monday. RDCL, which structured one such deal last week, is in talks with a couple of housing finance companies. RDCL, in which NHB holds the largest stake of 39%, started operations in March 2025. In addition to structuring RMBS deals, RDCL's scope of activities involve providing liquidity support and credit enhancement, among others. Shukla was speaking at the sidelines of listing of India's first residential mortgage-backed securities (RMBS). This involved LIC Housing Finance raising Rs1,000 crore last week through pass-through certificates (PTC) maturing in 20 years at a 7.26% coupon, payable monthly. PTCs are debt instruments backed by assets like loans, which in this case was the housing loan portfolio originated by LIC of loan pools is a popular method among non-banking finance companies. But what sets this particular transaction apart is that price discovery was done through the bidding process on National Stock Exchange's electronic bidding platform.'When housing finance companies sell (loan portfolios) to banks at a pre-agreed rate, there is no price discovery. In this structure, there will be price discovery. The bidding will take place on the electronic bidding platform,' Shukla said. ADVERTISEMENT M Nagaraju, secretary – department of financial services, said that under such transactions, the cost of borrowing is expected to come down for housing finance companies, which will be passed on to the end borrower. 'Another major benefit will be to get long-term housing loans at a fixed rate.''Once PTCs are made available to retail investors, investment in this instrument is another option, where they can get monthly inflow,' Nagaraju said. ADVERTISEMENT In LIC Housing Finance's deal, the PTCs were issued through a special purpose vehicle and are rated AAA(SO) by CRISIL and Shukla also said that NHB is planning to raise Rs55,000-Rs60,000 crore through bonds in FY2026 compared with Rs48,000 crore in the previous financial year. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
05-05-2025
- Business
- Time of India
Housing finance firms to raise up to Rs 12,000 crore via RMBS in FY26
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Housing finance companies are expected to raise Rs10,000-12,000 crore in the current financial year through listed residential mortgage-backed securities , structured by RMBS Development Company Ltd, a National Housing Bank-promoted entity similar to the likes of Freddie Mac and Fannie fundraising will be done across seven to 10 deals in the current financial year, Sanjay Shukla, managing director of NHB said on Monday. RDCL, which structured one such deal last week, is in talks with a couple of housing finance in which NHB holds the largest stake of 39%, started operations in March 2025. In addition to structuring RMBS deals, RDCL's scope of activities involve providing liquidity support and credit enhancement, among was speaking at the sidelines of listing of India's first residential mortgage-backed securities (RMBS). This involved LIC Housing Finance raising Rs1,000 crore last week through pass-through certificates (PTC) maturing in 20 years at a 7.26% coupon, payable monthly. PTCs are debt instruments backed by assets like loans, which in this case was the housing loan portfolio originated by LIC of loan pools is a popular method among non-banking finance companies. But what sets this particular transaction apart is that price discovery was done through the bidding process on National Stock Exchange's electronic bidding platform.'When housing finance companies sell (loan portfolios) to banks at a pre-agreed rate, there is no price discovery. In this structure, there will be price discovery. The bidding will take place on the electronic bidding platform,' Shukla said.M Nagaraju, secretary – department of financial services, said that under such transactions, the cost of borrowing is expected to come down for housing finance companies, which will be passed on to the end borrower. 'Another major benefit will be to get long-term housing loans at a fixed rate.''Once PTCs are made available to retail investors, investment in this instrument is another option, where they can get monthly inflow,' Nagaraju LIC Housing Finance's deal, the PTCs were issued through a special purpose vehicle and are rated AAA(SO) by CRISIL and Shukla also said that NHB is planning to raise Rs55,000-Rs60,000 crore through bonds in FY2026 compared with Rs48,000 crore in the previous financial year.
