Introduction
SMFG Grihashakti, a pioneer in the affordable housing finance sector in India, has successfully secured long-tenor funding of Rs 300 crore from the National Housing Bank (NHB). You too can get a loan in the field of housing finance and realize your art.
SMFG Grihashakti, a leader in affordable housing finance in India, has secured Rs. 300 crore in long-term funding successfully. This maiden transaction marks a significant milestone for SMFG Home Energy and opens an additional avenue for long-term, low-cost funding. The fund will play a key role in expanding SMFG’s household power base and facilitating quality housing financing solutions for underserved populations in the country.
SMFG Grihashakti MD & CEO Deepak said..
SMFG Grihashakti MD & CEO Deepak Patkar said…. “We endeavor to bring affordable housing finance solutions to the vast population and fulfill the dream of home ownership across the country. Rs. 300 Crore is a strategic step towards achieving this goal and demonstrates NHB’s confidence in our business model and financial sustainability.
As on December 31, 2023, SMFG Grihashakti’s AUM was Rs. 8028 crores, showing a CAGR growth of 37% over the last two years, accompanied by significant improvement in asset quality.
SMFG Grihashakti offers a wide range of financial products to its customers across the country. Including home improvement, home construction, home extension, property loans. And loans for the purchase of commercial properties. In addition, SMFG also provides project construction financing solutions to mid-tier developers by leveraging the home energy company’s extensive industry experience. Strong parent relationships, a nationwide distribution network, and a strong risk management framework.
Conclusion
As we conclude your visit to Openplot.com, we want to express our gratitude for entrusting us with your real estate aspirations. SMFG Grihashakti, India’s leading provider of affordable housing finance, has invested Rs. 300 crore in long-term funding successfully. At NHB Finance you can also avail loans under affordable housing sector and fulfill your art. [Your Real Estate Website] Your dedicated partner in making your real estate dreams come true. Your story begins here, and we’re excited to be a part of it. Welcome to the world where your ideal home is just a click away!
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