Tata Housing

completed

Tata Capital Housing Finance Limited (“Company” or “TCHFL”), is a wholly owned subsidiary of Tata Capital Limited (“TCL”), and is registered with National Housing Bank (“NHB”) to carry on housing finance activities. The Company offers a range of Housing Loans and Loans against Property to various segments of society viz. salaried individuals, self-employed individuals, self-employed professionals, non-individual entities, etc. and has been focusing on business opportunities available within the Tata ecosystem. The housing finance market in India is growing fast and is served by multiple institutions that cater to people in diverse geographies and across income spreads. Mortgage lending has significantly contributed to the growth in housing construction and housing consumption activities.Apart from Housing Loans and Loans against Property to the retail segment, TCHFL also provides project finance loans to developers. The Company intends to keep growing its business at a healthy rate with Rural and Affordable Housing Finance, as one of its focus areas.TCHFL received its certificate of registration from the NHB, to commence business as a housing finance company in 2009. TCHFL has identified affordable housing as a core growth area. TCHFL will benefit from pan India reach and presence of Tata Capital companies. TCHFL is targeting Tier 2 and Tier 3 cities and rural areas. HFCs continue to compete successfully vis a vis Banks due to their better turnaround time and superior product structuring, service orientation, and better reach, especially for the underserved segments.