<p>LIC Housing Finance Limited is mulling raising Rs 700-1,000 crore through External Commercial Borrowings (ECBs), according to Chief Executive V K Sharma.<br /><br /></p>.<p>Last month, RBI allowed real estate developers and housing finance companies to raise up to $1 billion through external commercial borrowings (ECBs) in the current fiscal to promote low-cost housing projects. Sharma said a committee comprising of senior officials of the company has been formed which is in touch with the apex bank on the ECB issue.<br /><br />“We expect that we will be in that segment which has been permitted by RBI. We expect that we will be raising somewhere around Rs 700-1,000 crore. We will apply for that,” Sharma said, on the sidelines of a two-day property exhibition here.</p>
<p>LIC Housing Finance Limited is mulling raising Rs 700-1,000 crore through External Commercial Borrowings (ECBs), according to Chief Executive V K Sharma.<br /><br /></p>.<p>Last month, RBI allowed real estate developers and housing finance companies to raise up to $1 billion through external commercial borrowings (ECBs) in the current fiscal to promote low-cost housing projects. Sharma said a committee comprising of senior officials of the company has been formed which is in touch with the apex bank on the ECB issue.<br /><br />“We expect that we will be in that segment which has been permitted by RBI. We expect that we will be raising somewhere around Rs 700-1,000 crore. We will apply for that,” Sharma said, on the sidelines of a two-day property exhibition here.</p>