Housing Development Finance Corporation (HDFC) is planning to mop-up around $75 million from International Finance Corporation (IFC). With the help of proceeds from the proposed loan investment, HDFC will provide affordable housing finance to the underserved market of low to lower-middle income households.
The said proposal is subject to HDFC receiving regulatory approvals, IFC’s management and board approvals and execution of mutually satisfactory documentations between HDFC and IFC.
HDFC is headquartered in Mumbai and has a branch network of 326 offices (which includes 80 offices of HDFC's wholly owned distribution company HDFC Sales Private Limited) catering to over 2,400 towns and cities spread across the country.
