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Edelweiss Housing Finance Ltd (EHFL) plans to open offices in ten more cities by end March 2014, taking the tally of its presence to 19 cities, Mr Anil Kothuri, Chief Executive Officer has said.
The company, a housing finance arm of Edelweiss Group, is currently present in nine cities — Mumbai, Delhi, Pune, Chennai, Hyderabad, Bangalore, Ahmedabad, Baroda and Surat.
Loan book
As of end March 2012, EHFL, which started operations in September 2010, had a loan book of Rs 780 crore.
It is now looking to ramp up this mortgage loan book to Rs 6,000 crore by 2014-2015. Mr Kothuri said that demand for home loans continues to be robust and the company intends to ride on this to meet its business goals.
EHFL, which is wholly owned by the Edelweiss group is currently looking to diversify its sources of funds. To this end, it will approach various banks and mutual funds.
Plans are afoot to tap the National Housing Bank for debt resources (refinance) and the company has already made an application for this purpose, Mr Kothuri said.
Recently, EHFL has commenced lending to the small and medium enterprises segment. Mr Kothuri said there are good opportunities to lend to this segment both on the secured and unsecured side.
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