Indiabulls Housing Finance Ltd, along with its group firm Indiabulls Real Estate Ltd, has committed an investment of Rs 25,000 crore in Haryana over the next seven years. In a statement, Indiabulls Group said it had signed a Memorandum of Understanding with the State government as part of the ‘Happening Haryana Global Investors’ summit. The investment will happen by way of direct lending through home loans as well as indirect lending to the developers of various projects, particularly in the affordable housing segment, it said.
The group already has sizeable exposure in NCR, both as a lender as well as a developer. “With encouragement from the State and the Central government, and to contribute to the overarching social objective of Housing for all by 2022,” Indiabulls seeks to significantly scale up its operations in Haryana to boost the State’s economy, as also to tap into the growing demand for affordable housing,” it said.