LIC Housing Finance has identified 14 projects to be referred to the alternative investment fund (AIF), set up by the government for last-mile funding. The company is the sole lender to these 14 real estate projects and has a total exposure of Rs 1,400 crore to them.
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.