IBHFL awarded as the Fastest Growing Housing Finance Company by NAREDCO
Sep 16, 2014 comments ( 0 )
Indiabulls Housing Finance Ltd (IBHFL) received the prestigious Presidential award for the Fastest Growing Housing Finance Company of the Year (2014) at the NAREDCO, 12thNational Convention & Real Estate Award function held in New Delhi on 12th September’ 2014.
Commenting on the occasion, Gagan Banga, Vice Chairman & MD, IBHFL said, “Growth is one of the truest benchmarks for success. We have been able to grow consistently even during tough economic conditions. This is due to an incredibly talented and committed team that drives IBHFL. With the sentiment towards economic growth now turning considerably positive and the government’s emphasis on developing smart cities, we see immense potential of growth in our sector.”
IBHFL is amongst a few housing finance/non-banking financial companies to receive an AAA rating. Its net profit has grown by over 23 per cent y-o-y for the fiscal year 2013-14.