Piramal Housing Finance Pvt. Ltd., a subsidiary of Piramal Finance Pvt. Ltd, expanded its presence in the Delhi-NCR market with the launch of three new branches in Delhi, Gurugram and Noida today.
The retail housing finance business will offer home loans, loans against property and smaller ticket construction finance to developers in the Delhi-NCR region.
“We are excited to launch our housing finance offerings in Delhi-NCR, which is a critical market for us,” said Khushru Jijina, Managing Director of Piramal Finance and Piramal Housing Finance.
“Since its launch in September 2017 in the Mumbai Metropolitan Region alone, our housing finance business is expected to cross Rs 1,000 crore by March 2018 in disbursed loans and sanctioned amounts. With a dedicated team, a rollout strategy in place to target the Delhi-NCR market and a sharp focus on customer centricity, we plan to replicate our Mumbai success in the NCR and beyond,” he said
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Piramal Finance has a strong presence in the Delhi-NCR market. Its wholesale business in the region has funded and sanctioned close to Rs 10,000 crore (both debt and equity) with Tier 1 development partners.
With this initiative, Piramal Housing Finance will be able to target both salaried and self-employed home buyers with a range of tailor-made products.
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