HOUSING DEVELOPMENT FINANCE CORPORATION: THE EXTRAORDINARY- ORDINARY COMPANY

Jun 17th, 2015
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Alabama Southern Community College
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The usual customer of HDFC was a very average person. In 1997, the average cost of a flat or house financed by the company was Rs 398000 (about $10000), and its size was mere 76sq.m, or about 800sq.ft. The average size of a loan was Rs 199,000- roughly 50% of the cost of the unit-with an average pay back period of 11.21 years.

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CASE-19HOUSING DEVELOPMENT FINANCE CORPORATION: THE EXTRAORDINARY- ORDINARY COMPANYAn extraordinary company, run for ordinary Indians by ordinary Indians - that was the housing development finance corporation (HDFC) in 1998. It is India's premier housing finance company and one of the most successful, most admired and most competitive institutions in the country.Housing Development Finance Corporation Ltd (HDFC) is one of the leaders in the Indian housing finance market with almost 17% market share as on March 2010. HDFC is India's premier housing finance entity in existence for over 30 years. With a presence in banking, insurance and asset management, the HDFC group is an important part of the Indian financial services sector. HDFC was the only Indian company to be included in the fifth annual list of '2011 World's Most Ethical Companies' by Ethisphere Institute,USA. Though housing remains the core business, HDFC has continued to make investments in its subsidiary and associate companies.Source : http://business.mapsofindia.com/finance/top-housing-finance-companies-in-india.htmlhttp://www.hdfc.com/others/financials.asp 34th annual report, page 14. The usual customer of HDFC was a very average person. In 1997, the average cost of a flat or house financed by the company was Rs 398000 (about $10000), and its size was mere 76sq.m, or about 800sq.ft. The average size of a loan was Rs 199,000- roughly 50% of the cost of the un

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