LIC Hous­ing tar­gets 15% growth in FY18

India Business Journal - - NEWS ROUND-UP -

LIC Hous­ing Fi­nance (LICHF) has said that its av­er­age loan size has in­creased to about Rs 22 lakh against Rs 20 lakh in the pre­vi­ous fi­nan­cial year. "In­vest­ment-based buy­ing of homes has slowed down in re­cent months. How­ever, need-based buy­ing con­tin­ues to be ro­bust as peo­ple in this cat­e­gory are will­ing to bor­row and make their pur­chases," LICHF Man­ag­ing Di­rec­tor and Chief Ex­ec­u­tive Of­fi­cer Vi­nay Sah has said. The com­pany is con­fi­dent of achiev­ing 15 per cent growth this year over last year's dis­burse­ments of Rs 41,541 crore.

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