Indiabulls Housing Finance Limited is a mortgage lender which is headquartered in New Delhi, India. It is India's second largest housing finance company and is regulated by the National Housing Bank. It is part of Sameer Gehlaut's Indiabulls group and contributes approximately 80% of the groups turnover.
Video Indiabulls Housing Finance
Products
Maps Indiabulls Housing Finance
Technology and Digitisation
In 2016, Indiabulls Housing Finance announced that it would invest INR1 billion (US$15 million) in innovative technology platforms. The same year it became the first mortgage company to complete an end-to-end digitisation of loan sanctions in India. The company tied up with the Centre for Development of Advanced Computing and the Unique Identification Authority of India to offer e-signing using PAN and Aadhar numbers. The mortgage agreements signed through this route as stored digitally in NSDL depository participant accounts. It also has an application on Facebook, IB Easy which facilitates loan applications through social media.
International Presence
Indiabulls Housing Finance bought a 40% stake in London, United Kingdom based OakNorth Bank for £66 million in 2015, making it the largest shareholder in the bank which was founded by serial entrepreneur Rishi Khosla and specialises in lending to small businesses. The company also has a branch office in Dubai, United Arab Emirates. It provides loans to Non Resident Indians based in UAE to buy properties in India.
Awards
Indiabulls Housing Finance was recognised as the Fastest Growing Housing Finance Company of the Year 2013-14 by NAREDCO. In 2015, the company was awarded Best Housing Finance Company by Realty Plus as well as Best Affordable Housing Finance Company of the Year by ASSOCHAM.
References
Source of article : Wikipedia
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