Grihashakti enters AP, Telangana
“Owning a home of your own is always a special feeling and at Grihashakti, we help our customers realize this dream.
Hyderabad: Fullerton India Home Finance Company Limited (Grihashakti), a housing finance company and a wholly-owned subsidiary of Fullerton India Credit Company Limited, on Wednesday expanded its presence across the country through the launch of 21 new branches across Maharashtra, Gujarat, Madhya Pradesh, Rajasthan, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana and West Bengal. With the launch of these new branches, the company’s total branch network in the country has now touched 41.
Through the launch of its new branches, it aims to reach out to new customers across the length and breadth of the country by offering products such as home loans, loans against property and commercial property loans to individuals largely in the affordable housing segment, the company said in a statement on Wednesday.
“Owning a home of your own is always a special feeling and at Grihashakti, we help our customers realize this dream. The newly launched branches will help us cater to a larger number of individuals across different geographies,” said Ravindra Rao, Chief Executive Officer of Fullerton India Home Finance Company said.
“The affordable housing market in India is set to grow significantly on the back of favourable factors that include the development of smart cities and an increase in disposable income of the country’s middle class. The demand for affordable housing in Andhra Pradesh and Telangana continue to be strong on account of a rise in the states’ urban population and a developing corporate sector. Our new branches will help us cater to this demand, thus reducing the overall supply gap in the sector,” he added.
