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Piramal Finance Launches its Housing Finance Offering in the Delhi-NCR Market | Finance 2018

932 views · Published 14 March 2018 · 3:43 · Indexed 23 October 2026

Channel: TEN NEWS NATIONAL · 2018 · News & Politics

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Piramal Finance Launches its Housing Finance Offering in the Delhi-NCR! 


New Delhi: Piramal Finance, the financial services arm of Piramal Enterprises, had in February 2017 entered into a partnership with Ivanhoé Cambridge, to provide long-term equity capital to top residential developers in five Indian cities. Around six to eight investments were to be made by the partners in Mumbai, Bengaluru, Pune, Chennai and the National Capital Region (NCR) centred around Delhi.


Piramal Housing Finance, the wholly owned subsidiary of Piramal Finance, expands its presence in the Delhi-NCR market with the launch of 3 branches in Delhi, Gurugram and Noida. The retail housing finance business will offer home loans, loan against property and smaller ticket construction finance to the developers in Delhi-NCR.   


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/sanctioned 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. The platform has also extended its offerings to rental yielding assets as well as commercial office development in 2016. Further, Piramal Finance entered hospitality segment in 2017 by investing in marquee hotel assets within NCR. The wholesale platform has directly funded the delivery of 15,000 residential units with an aggregate market value of INR 17,000 crores. 



Khushru Jijina, Managing Director, Piramal Finance & Piramal Housing Finance  Addressing the Gathering 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 1000crore 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.”

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