DHFL plans to expand its presence in Tamil Nadu, Kerala

Dewan Housing Finance Corporation (DHFL), India's second largest housing finance company in the private sector is planning to expand its presence in Tamil Nadu and Kerala by opening more branches. This new branches will help the company to cash in on the growing demand for housing loans in this region. Recently, the company had opened its new branch and three service centres in Kerala, where it has a market share of 25%. Dewan Housing Finance Corporation is one of the largest housing finance companies in India with the total asset size and loan portfolio of Rs 41,100 crore and Rs 37,849 crore respectively as on Dec. 31, 2013. The company’s target segment is primarily salaried individuals in lower and middle-income groups in Tier II and III cities.