Sundaram Home Finance opens its new branch in Navi Mumbai
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The company’s managing director Lakshminarayan Duraiswami said that the expansion plan has been prepared keeping in mind the housing finance possibilities in the area. He said, “Mumbai is the largest and fastest growing real estate market in the country. We are currently located on the outskirts of Mumbai, Thane.
Chennai. Sundaram Home Finance has opened its new branch in Navi Mumbai. The subsidiary company of Sundaram Finance Limited has taken this step with the aim of expanding in Maharashtra. The company’s managing director Lakshminarayan Duraiswami said that the expansion plan has been prepared keeping in mind the housing finance possibilities in the area. He said, “Mumbai is the largest and fastest growing real estate market in the country. We are currently located on the outskirts of Mumbai, Thane.
This expansion into the commercial capital is keeping in mind the growth of Navi Mumbai and the potential that exists here for our home finance business.” Sundaram Home Finance currently has a presence in Thane, Pune, Nashik and Nagpur. In Maharashtra it recorded an annual disbursement of over Rs 225 crore and the state aims to double it next year. Sundaram Home Finance has 135 branches in the southern region, Madhya Pradesh, Rajasthan, Maharashtra and Gujarat. The company had made a net profit of Rs 62 crore in the third quarter (October-December) of the current financial year 2023-24.
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