Edelweiss group's housing finance division, Edelweiss Housing Finance Limited (EHFL) has set up its operations in Bangalore.
EHFL is into providing home loans as well as mortgage products to the home loan customer. It aims to take its loan book from the Bangalore unit to Rs 1000 crore by 2015.
The company has branches so far in Mumbai and Delhi. According to CEO of the company, Anil Kothuri, the company aims to increase presence in nine locations in this fiscal.
It aims to add another 10 locations to the total count in the next fiscal.
"By 2013 we plan to be in 19 locations and cover 90 per cent of the mortgage market", he added.