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Housing finance company DHFL is expecting a surge of over 25 per cent in home loan disbursements in Kerala in the next three years with the implementation of the ‘Housing for All by 2022’ and ‘Smart City’ projects.
Harshil Mehta, CEO, DHFL, told newspersons here that DHFL recorded a 20 per cent growth in loans in the State during the nine-month period of FY17 in comparison to the corresponding period of the last fiscal.
The southern market contributes 22 per cent to the company’s home loan book.
The company is also expanding its deposit portfolio in the South, which stands at ₹1,296 crore, accounting for 20 per cent of its deposit portfolio of around ₹6,525 crore as of December 31, 2016. .
“We have been serving LMI (lower and middle income) customers in the South since 1991 and have enabled over 1.8 lakh families to fulfil their aspirations of home ownership. The company has witnessed strong growth in Kerala, led by the demand for affordable housing,” Mehta said.
The company currently operates out of 14 districts across 18 branch offices in the State.
It offers a range of home loan products — for home extension/improvement and buying plots — and project /non-residential property loans to all customer segments.
Besides, the company also offers small and medium enterprise (SME) loans and its overall SME portfolio as on December 31 stood over ₹2,000 crore, he added.
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