Real Estate Fund Worth Rs.1000 Cr: LICHFL To Raise Thru ECBs

LIC Housing Finance Limited (LICHFL) plans to raise Rs.1000 Cr residential real estate fund. LIC Housing will raise the real estate fund thru ECBs.
LICHFL will raise Rs.1000-Cr real estate fund

LICHFL is to come up with Rs.1000-Cr real estate fund.

“LIC Housing Finance Limited (LICHFL) will raise a residential –oriented real estate fund thru external commercial borrowings (ECBs)” as told by Mr. V.K. Sharma CEO of LICHFL.

Insurance giant LIC- promoted LICHFL is considering its plan to raise a real estate fund around Rs.700- 1000 Cr thru ECBs. The decision is prompted by the RBI’s approval of housing finance companies to raise up to $1 billion. Continue reading