LIC Housing Finance (LICHF) is reportedly planning to increase its focus on the affordable home segment, as the company sees strong growth due to government push and growing interest among builders in this segment. In this regards, the company has asked its regional and area offices to scout for affordable housing project financing.
In 2016-17, LICHF did about 4,400 deals in the affordable home category. As of July this year, it has done about 3,000 deals.
LIC Housing Finance is one of the largest Housing Finance Company in India. The main objective of the company is providing long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses.
