Edelweiss offers a wide range of Housing Finance products that are designed to address a variety of financing needs in the shortest possible time.

The Mumbai finance Company vies strategic south location for operations. In its initial foray in to south Edelweiss Housing Finance Ltd (EHFL), the housing finance arm of Edelweiss Group, on Tuesday launched its operations in Hyderabad. The company is targeting a loan book of Rs 300 Cr from the city by 2015. The company after its initial launch will tread across south, where vast potential exists. Mr Anil Kothuri, Head-Retail Finance, Edelweiss Group and CEO, Edelweiss Housing Finance launched operations here.

During the launch, he said the company will offer home loans repayable over 25 years and could give the borrower a larger loan amount or a smaller monthly installment. Adding that the current housing finance market size is about Rs. 1.8 trillion and he expected it to grow to Rs 3 trillion by the end of FY15.'We expect to capture about 1.5 per cent of the market over the next 5 years', he said. EHFL is looking at expanding its presence to 9 cities by the end of this financial year and to 19 cities in India in the next two years with a disbursement volume of Rs 3000 Cr by 2015, he added.(With inputs from internet- AarKay)