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IIFL to raise Rs 18 bn from domestic investors for affordable housing fund
The money would be invested in affordable housing projects in tier-1 cities, and four to five tier-II cities, a spokesperson said. It has already deployed Rs 750 mn in a project in Bengaluru
 "IIFL to raise Rs 18 bn from domestic investors for affordable housing fund")
India Infoline Finance to raise Rs 50 bn via non-convertible debentures
Icra flags high dependence on commercial paper
 "India Infoline Finance to raise Rs 50 bn via non-convertible debentures")
IIFL Home Finance raises Rs 10 bn from NHB and a $50 mn from SBI via ECB
IIFL Holdings is a leading player in the Indian financial services space
 "IIFL Home Finance raises Rs 10 bn from NHB and a $50 mn from SBI via ECB")
Affordable housing: IIFL aims to double home loan book to Rs 280 bn by 2020
IIFL Home Loans today said it aims to more than double its loan book to Rs 28,000 crore by 2020, primarily due to focus on affordable housing segment. A subsidiary of India Infoline Finance Limited, IIFL Home Loans has a loan book of Rs 12,000 crore currently. "We are targeting urban middle and lower income population which has a monthly income of Rs 25,000-40,000. The reason for this is that the largest segment of the population falls in this bracket with increased disposable income in hand and rising aspirations to buy their dream home" said Monu Ratra, ED & CEO, India Infoline Housing Finance Limited (IIFL Home Loans). With focus on affordable housing segment, the company said it is leveraging technology to tap the escalating demand emerging from the low and middle-income group in the country. It has more than 50,000 home loan customers currently and is looking at increasing its customer base to more than 2 lakhs by 2020. Ratra said the company is focusing on customers who look
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