LIC Housing Finance
Ltd (LIC HFL) has set a target of generating total business of Rs. 33,000 crore
in the current financial year (2014-15), up by 22 per cent over the same period
last year, a top official said today.
LIC Housing Finance
Ltd., Managing Director and CEO Ms.Sunita Sharma inaugurating the 17th edition
of annual expo on housing finance -- 'Ungal Illam (Your House)' at Chennai on
September 12, 1014.
Ms.Sunita Sharma
said, "Our business growth compared
to last year has been quite healthy. We are expecting target business of Rs.
33,000 crore during the current financial year"
In the last fiscal, total
business volume stood at Rs 27,000 crore, while the loan portfolio grew by 18%,
she said.
Noting that there has
been a "pick up" in the real estate financing in 2014-15, Ms.Sunita
Sharma said the target growth of loan portfolio was 20%.
Attributing major
growth of business to the individual segment, she said her company would focus
on Loan Against Property (LAP) generating more business. "LAP Share is 4
per cent. We have targeted 5 per cent this year," she said.
Ninety-five percent
(95%) of business was contributed from the affordable housing segment, while 85
per cent of customers contribute the middle income group, she said.
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