Indiabulls Housing Finance expected to raise Rs 5,000Cr by Q4 FY2021

India’s mortgage lender, Indiabulls Housing Finance has recently laid down its plans of raising Rs 5,000 crore through the securitization route by the fourth quarter of the ongoing financial year. The company has already generated Rs 2,000 crores through this route in the three months ended December 2020.

For the record, securitization is the process of repacking and pooling of homogenous illiquid assets into marketable securities which can be sold to investors. Speculations have it that securitization constitutes of 25% of the non-bank financier’s total borrowing and on an average, it raises about Rs 2,500Cr per quarter through the route.

Moreover, the company has, in overall, generated a total of Rs 28,119 crores in 2020-21 through bank lines, equity, loan sell-downs, and bonds.

Ashwini Kumar Hooda, Deputy MD at Indiabulls Housing Finance, in a statement cited that the company’s securitization pipeline is strong. He added that the company should be able to now raise almost Rs 3,000 crore from the wholesale book and another Rs 2,000 crore from the retail in Q4 FY21.

In addition to this, while speaking on disbursements, Hooda mentioned that fresh disbursements in the Q3 FY 2020-21 stood at Rs 3,458 crore of which the retail loan disbursals constituted of 75%. Meanwhile, the firm also expects the monthly disbursal rate via co-lending to exceed Rs 1,500 crore by September 2021.

As per credible reports, the company while citing on the developer loans sourcing, said that it is currently in talks with two prominent estate-focused funds to establish an investment platform. The results of this conversation would enable Indiabulls to set up an investment platform by the end of September 2021.

It has been reported that in the quarter that ended in December, the company observed a dip of 40.4% in its consolidated profit after tax at Rs 329 crore due to high provisioning. Besides, it also registered a profit after tax of Rs 552 crore in the year-ago quarter.

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By Shreya Bhute

With corporate exposure in software and marketing, Shreya was always intrigued by content development. Having pursued her graduation in I.T. engineering, she works as a content writer for and jots down news articles across distinct domains including technology, business and healthcare.