Indiabulls plans Rs 25,000 cr investments over 7 years in Haryana

The Group will invest Rs 25,00 crore by way of direct lending through home loans as well as indirect lending

Indiabulls Housing Finance together with its group firm Indiabulls Real Estate has committed an investment worth Rs 25,000 crore in Haryana over the next seven years.

"Participating in the 'Happening Haryana Global Investors summit', Indiabulls Group has signed an MoU with the state government making an in-principle commitment to invest Rs 25,000 crore in the state over the next seven years by way of direct lending through home loans as well as indirect lending to the developers of various projects, particularly in the affordable housing segment," the company said in a statement.

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The group is headquartered in Gurgaon and already has sizeable exposure in NCR, both as a lender as well as a developer, it added.

The statement said Indiabulls seeks to significantly scale up its operations in Haryana to provide a boost to the state's economy, as also to tap into the growing demand for affordable housing.