Tatas to raise Rs 4,000 cr from NHB, bonds market in mega home loan push

Loans to be offered to both retail and developers; funds being raised amid 13% expansion in loan portfolio over six months to September

Tata Capital Housing Finance, a Tata Capital subsidiary, is planning a big push into the home loan category as it seeks Rs 3,000 crore funding from the National Housing Bank and plans to raise Rs 1,000 crore via bonds to grow its business. The company will be offering loans to both retail and real estate developers.

The funds are being raised amid an expansion in its loan portfolio to Rs 33,201 crore, as on September-end this year, from Rs 29,311 crore on March 31. Retail housing loans comprised 55 per cent of total portfolio, loans against property stood at 27