GIC Housing Finance Ltd. (GICHFL) is engaged in housing finance activity. The primary business of the Company is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes. The Company has tie-ups with builders to provide finance to individual borrowers. It also has tie-ups with corporates for various housing finance needs. During the fiscal year ended March 31,2012, the Company opened its branch at Nere Panvel. As of March 31, 2012, the Company had 31 branches in total. As of March 31, 2012, the Company operated in 37 locations (32 business centers and five collection centers) across the country.