New Delhi: Amid reports of credit squeeze by NBFCs, Piramal Capital & Housing Finance Limited (PCHFL) is planning expansion and plans begin operations in Navi Mumbai, Palava and other cities. It has just started its opeartios Jaipur and is providing its housing finance offerings like home loans, loans against property and small-ticket construction finance for house owners.
The company already has presence in 15 cities with 16 branches and network of 3,000 channel partners.
On the occasion of launch of operations in Jaipur, 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.”