Definitions

housing development

Housing Development Finance Corporation

HDFC or Housing Development Finance Corporation Limited, founded 1977 by Hasmukhbhai Parekh, is an Indian company which is primarily in the business of providing home loans.

HDFC's distribution network spans 243 outlets that include 49 offices of HDFC's distribution company, HDFC Sales Private Limited. In addition, HDFC covers over 90 locations through its outreach programmes. HDFC's marketing efforts continue to be concentrated on developing a stronger distribution network. Home loans are also marketed through HDFC Sales, HDFC Bank Limited and other third party Direct Selling Agents (DSA).

To cater to non-resident Indians, HDFC has an office in London and Dubai and service associates in Kuwait, Oman, Qatar, Sharjah, Abu Dhabi, Al Khobar, Jeddah and Riyadh in Saudi Arabia.

HDFC offers Loans for Homes - for buying or constructing your home, refinance a home loan availed from other institutions or even to extend or improve your existing home. And, HDFC will also finance purchase of land, from approved agencies to help you construc a home of your choice. You could acquire a self-contained flat in an existing or proposed co-operative society, in an apartment owners' association or even an independent single-family or multi-family bungalow or row house.

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