Jaipur, August 12, 2019: Piramal Capital & Housing Finance Limited (PCHFL), the wholly owned subsidiary of Piramal Enterprises Limited, today announced its foray in Rajasthan with the launch of its housing finance business in Jaipur. The company will provide its housing finance offerings namely home loans, loans against property and small ticket construction finance for home buyers (salaried and self-employed) in the Jaipur market.
With a network of 3,000+ channel partners, the housing finance business of PCHFL has 16 branches across 15 cities. Going forward, in the next 3-6 months, PCHFL plans to open its housing finance operations in Navi Mumbai and Palava.
Commenting on the launch, Khushru Jijina, Managing Director, Piramal Capital & Housing Finance Limited said, “We are delighted to announce the launch of our housing finance business in Jaipur, Rajasthan, marking our entry into a select non-metro market. This launch is aligned with our strategy to continue to diversify our loan book by expanding our housing finance presence and catering to the growing needs of real estate with innovative products & solutions. Currently, housing finance accounts for 11% (~INR 6100 crores) of the overall loan book as of June 2019 and is expected to increase to 16-18% by March 2020. We look forward to partnering with developers & channel partners in Rajasthan and other markets as we enter more cities in the coming months.”