IIFL HOME FINANCE expects its asset under management (AUM) to grow by 15% in the current financial year, primarily driven by rising demand in smaller cities, but its net interest margin may go down by 10-20 basis points, said the company's executive director and CEO Monu Ratra.
He also said the company is considering a stock exchange listing but the timeline is yet to be firmed up.
To continue its growth momentum, the company has been laying emphasis on projects in smaller cities. Tier-2 and tier-3 cities generate a majority of the demand for affordable housing loans. And, in metro cities, the focus is more on projects on the outskirts.
Though there are multiple definitions of "affordable housing," IIFL Home Finance considers a house priced up to ₹65 lakh in metro cities and up to ₹40 lakh in non-metro cities as affordable.
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