Indiabulls Housing Finance


Indiabulls Housing Finance Limited is a mortgage lender headquartered in Gurugram, Haryana, India. It is India's second largest housing finance company and is regulated by the National Housing Bank. It is part of Sameer Gehlaut's Indiabulls group and contributes approximately 80% of the groups turnover.
On 5 April 2019, the board of Indiabulls Housing Finance approved a merger with the private sector bank Lakshmi Vilas Bank. Indiabulls shareholders will receive a 90.5% stake in the consolidated entity, to be called Indiabulls Lakshmi Vilas Bank, and LVB will receive the remaining 9.5%. The merged entity will create a net worth of ₹19,472 crore and a loan book ₹1,23,393 crore for the nine months of FY2019.,

Technology and Digitisation

In 2016, Indiabulls Housing Finance announced that it would invest ₹100 crore in innovative technology platforms. The same year it became the first mortgage company to complete an end-to-end digitisation of loan sanctions in India. The company tied up with the Centre for Development of Advanced Computing and the Unique Identification Authority of India to offer e-signing using PAN and Aadhar numbers. The mortgage agreements signed through this route as stored digitally in NSDL depository participant accounts. It also has an application on Facebook, IB Easy which facilitates loan applications through social media.

International Presence

Indiabulls Housing Finance bought a 40% stake in London based OakNorth Bank for £66 million in 2015, making it the largest shareholder in the bank which was founded by serial entrepreneur Rishi Khosla and specialises in lending to small businesses. The company also has a branch office in Dubai, United Arab Emirates. It provides loans to Non Resident Indians based in UAE to buy properties in India.

Awards

Indiabulls Housing Finance was recognized as the Fastest Growing Housing Finance Company of the Year 2013-14 by NAREDCO. In 2015, the company was awarded Best Housing Finance Company by Realty Plus as well as Best Affordable Housing Finance Company of the Year by ASSOCHAM.