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The
Housing
Development
Finance
Corporation
(HDFC)
will
open
four
branches
in the
Northern
and
Eastern
provinces
recognizing
the huge
potential
in
housing
in those
areas.
Three
branches
will be
established
in
Jaffna,
Mannar
and
Trincomalee
within
this
year
while
one in
Vavuniya
in
February.
This
is in
keeping
with the
Government
development
policy
concerning
the
North
and
East, to
cater to
the
growing
housing
needs of
the two
provinces,
said
Housing
Development
Finance
Corporation
Chief
Executive
Officer
Suresh
Amerasekara,
reported
Daily
News.
We
want to
re-introduce
a
housing
loan
scheme
in
February
to
capture
the
niche
market
according
to its
strength.
This
scheme
will be
an
efficient
mechanism
in
attracting
new
customers,
he said.
The
HDFC
introduced
a
financial
term in
Tamil -
Arumbu
to
attract
Tamil
population.
This is
the
first
time
that
such a
term in
Tamil
was
introduced
by the
HDFC,
the
report
said.
The
HDFC has
mobilized
Rs.1.4
billion
funds
last
year in
meeting
the
housing
financing
requirements
in the
country,
the
report
further
said.
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