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Indiabulls Housing, Indiabulls Real Estate plan to invest Rs 25,000 crore in Haryana

08 Mar 2016 Evaluate

Indiabulls Housing Finance and Indiabulls Real Estate are planning to invest Rs 25,000 crore in Haryana over the next seven years. In this regards, Indiabulls Group has signed a Memorandum of Understanding (MoU) with the state government making an in-principle commitment to invest Rs 25,000 crore in the state by way of direct lending through home loans as well as indirect lending to the developers of various projects, particularly in the affordable housing segment.

Indiabulls seeks to significantly scale up its operations in Haryana to provide a boost to the state's economy, as also to tap into the growing demand for affordable housing.

Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB). The company has over 220 well appointed and accessible branches in 110 towns and cities across India.

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