Wizard makes Hyd foray

Wizard Home Loans, a joint venture between GE Money and Wizard International, on Thursday made its foray into the Hyderabad market.

"With the rapid growth in the number of companies setting up shop and the exponential growth in its urban population, we hope to contribute significantly to the growing housing needs in the city," Egisto Franceschi, CEO of Wizard Home Loans, said on Thursday.

Wizard plans to invest $200 million in equity and set up 250 branches in the country by 2011.