Indiabulls Housing Finance Limited raises $200M through Masala bonds

Indiabulls Real Estate ranks third amongst the top real estate companies and has been building landmark edifices that redefine India's commercial and residential spaces.

Ely, UK - Sept 07, 2016. RedNewswire/-

Indiabulls Housing Finance Limited is a part of Indiabulls Group. it has raised $200M through Masala bonds. Masala bonds are bonds issued outside India but denominated in Indian Rupees, rather than the local currency.

The funds will be used partly for affordable housing.

It provides loan for purchase of flat, row house, bungalow from developers, existing freehold properties; construction of residential dwelling unit on a plot already owned;  purchase of residential plot and / or construction thereon; and extension/renovation of existing residential property.

It also provides home loans for NRIs and loan against property. It has over 200 branches across India and 2 representative offices in  Dubai and London.

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