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Piramal Housing Finance enters Delhi-NCR market

Press Trust of India  |  New Delhi 

Housing Finance, the wholly-owned subsidiary of Finance, today made a foray into the Delhi-market with the opening of three offices.

The retail housing will offer home loans, loan against property and smaller ticket construction to the developers in Delhi-NCR, Housing told reporters here.

Since the launch in September 2017 in the Metropolitan Region alone, the housing finance is expected to cross Rs 1,000 crore by March 2018 in disbursed loans and sanctioned amounts, he said, adding the disbursement has already crossed Rs 700 crore.

"With a dedicated team, a roll out strategy in place to target Delhi-market and a sharp focus on customer centricity, we plan to replicate our success in and beyond as we look to triple our AUM (asset under management) by March 2019, he said.

Piramal Housing Finance will enable development partners in the NCR to target home buyers both salaried and self-employed through a range of tailor made products, he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 14 2018. 21:10 IST