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Our Bureau

Hyderabad, Jan. 5

LIC Housing Finance Ltd (LICHFL) has readied its reverse mortgage product which can be launched ‘any moment’, according to Mr S.K. Mitter, Director and Chief Executive, LICHFL.

Speaking to newspersons after inaugurating a two-day property exhibition here on Saturday, Mr Mitter said maximum care had been taken in designing the product. “We have done lot of exercise in issues such as valuation. It is a comprehensive product,” he added.

To increase its business, the company is planning to tie up with the big builders in major cities such as Mumbai, Bangalore, Chennai and Hyderabad. It had tied up with Brigade in Bangalore and the process of identifying potential builders in other cities was going on, he said.

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