Dewan Housing eyeing over 30% loan growth this fiscal

Banking on strong demand from semi-urban and rural areas, housing finance company, Dewan Housing Finance Ltd (DHFL), is targeting disbursements aggregating Rs 8,800 crore by March 2012, an increase of around 33 per cent over last year.

In July-September 2011, the disbursements had increased by 28 per cent to Rs 2,139 crore. Total disbursement in 2010-11 was Rs 6,505 crore.

The company is seeing between 35 per cent to 50 per cent growth in Punjab, parts of Tamil Nadu, Kerala and Gujarat. This trend is likely to continue, said Mr Anil Sachidanand, CEO, DHFL.

The company, on Tuesday, launched DHFL Express - Home loan on wheels, in Mumbai.