November 12, 2020
1 min read

Newly Launched Godrej Housing Finance Aims Rs 10K Cr Business

Godrej Group has announced its entry into the financial services industry with the launch of Godrej Housing Finance (GHF).

With the launch of the housing finance company, the group aims to build a long term, sustainable retail financial services business in India, aiming for a balance sheet of Rs 10,000 crore in the next three years, said a company statement.

“Godrej Housing finance will offer fair, fast and flexible home loans across India starting with customers in Mumbai, NCR, Pune and Bangalore. GHF will partner with developers including Godrej Properties, to build a superior financing experience for their existing and new customers,” it said.

Commenting on the launch of the business, Pirojsha Godrej, Chairman, Godrej Housing Finance, said: “The increasing formalisation of the real estate sector combined with the dislocation in the residential real estate and housing finance markets makes this a particularly interesting opportunity at the current moment. We hope to deliver value to the Indian home buyer with a deep focus on fair, fast, and flexible home loans that delight our customers.”

Manish Shah, Managing Director and CEO of Godrej Housing Finance said that the housing finance market is underpenetrated and underserved along with industry being complex. He said that Godrej Housing Finance aims to correct this and usher a refreshingly simple and transparent way of doing business.

“We want to give customers a home loan that is customised to what’s important to them, basis their housing needs, financial capability and convenience,” Shah said.

Godrej Housing Finance intends to focus on the mortgage business starting with home loans, followed shortly by loans against property. In the near future, the company will expand its product portfolio to offer business and personal loans, leveraging the group’s consumer and agri business ecosystems to build these verticals.

Also Read: INDIA: G20 Summit To Boost Global Economy

Previous Story

UK Passes 50,000 Coronavirus Deaths

Next Story

Facebook Extends Ban On Political Ads in US

Latest from Business

RBI Holds Rates, Boosts Outlook

One of the most significant announcements was the upward revision of India’s GDP growth forecast for FY 2025–26—from 6.5% to 6.8% In a move reflecting cautious optimism, the Reserve Bank of India

Nykaa Expands Global Footprint with UK Debut

To commemorate this significant global debut, Nykaa’s leadership hosted an exclusive soiree at the George Club in Mayfair, London Nykaa, India’s leading beauty and lifestyle destination, is set to make a grand

Nothing’s CMF Goes Indian with $100M JV

Company has announced a $100 million joint venture with Indian electronics manufacturer Optiemus Infracom Limited….reports Asian Lite News Smartphone maker Nothing has spun off its budget sub-brand CMF into an independent subsidiary,

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s
Go toTop