Reliance Housing Finance which is a part of Anil Ambani led Reliance Group, is targeting Assets Under Management  (AUM) of Rs 50,000 crore by 2020 as it is planning to join top five league in the home loan market in three years.

Reliance Capital’s Group CEO and Executive Director Sam Ghosh said that “Focus on housing finance sector forms an important part of Reliance Capital’s growth strategy. We will aggressively continue to grow this portfolio”.

He further said that by the end of the current fiscal, Reliance Housing Finance is targeting AUM of Rs 10,000 crore and Rs 50,000 crore by 2020.

He added that the company targets to be amongst the top five housing finance companies in next three years.

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