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Piramal launches retail offering in Delhi-NCR market; invests Rs 10K cr

New Delhi, Mar 14 (UNI) With the aim to leverage existing funding relationships in Delhi-NCR, Piramal Housing Finance on Wednesday introduced a retail offering in the market which will complement its existing wholesale business and will enable them to offer the entire spectrum of financial products in real estate.
“Piramal Finance already has a strong presence in Delhi-NCR market. The strength of these relationships is evident in the quality of partners and projects – The wholesale business in Delhi-NCR has selectively funded close to INR 10,000 crores (across debt and equity) with Tier 1 development partners with a strong track record of execution, since initiating coverage of the region on an integrated basis in March ’14,” said Piramal Finance & Piramal Housing Finance Managing Director Khushru Jijina.
Mr Jijina said, “We are excited to launch our housing finance offerings to Delhi-NCR - a critical market for us. Since its launch in September 2017 in the Mumbai Metropolitan Region alone, our housing finance business is expected to cross INR 1000 crore by March 2018 in disbursed loans and sanctioned amounts. With a dedicated team, a roll out strategy in place to target Delhi-NCR market and a sharp focus on customer centricity, we plan to replicate our Mumbai success in NCR and beyond as we look to triple our retail HFC AUM by March 2019.”
The company as of now has tied up with 30 projects in Delhi-NCR with 15 preferred developers spread over seven micro markets in Gurugram (Haryana) and Noida (Uttar Pradesh).
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