In order to push its footprint in the country's real estate sector and also adding to its project portfolio, the Dewan Housing Finance Corporation in a recent move has decided to generate Rs 6,300-cr via issuance of secured redeemable non-convertible debentures up to an amount of Rs. 5,000cr, unsecured non-convertible debentures of Rs 1,000-cr and perpetual debt up to an amount of Rs 300-cr till the date of the next decision by the empowered members of the decision making board. The generated funds will be deployed in its on-going and upcoming projects across the country and a major chunk of the investment will go to the affordable segment of housing aimed at the lower strata of the society, said official sources.
