Housing Development Finance Corporation (HDFC), the country’s largest housing finance company, is planning to buy Lever House, located at Backbay Reclamation. The mortgage lender will shift its general insurance arm, HDFC Ergo General Insurance, and HDFC Mutual Fund to the building. The company will also rename the 1.53 lakh square feet HUL building as HDFC House.
Lever House is Hindustan Unilever’s former headquarters. HUL was housed at the Lever House for 46 years before it moved to a new campus in Andheri (East) in North Mumbai in January 2010.
HDFC has reported 17.09% rise in its net profit after tax at Rs 1173.10 crore for first quarter ended June 30, 2013 as compared to Rs 1001.91 crore for the same quarter in the previous year. Total income of the company has increased by 12.60% at Rs 5564.94 crore for quarter under review as compared to Rs 4942.31 crore for the quarter ended June 30, 2012.
