With the Prime Minister putting "huge emphasis" on affordable housing to drive job generation and achieving targeted economic growth, Piramal group has set its eyes to sell mortgages and build affordable homes opening up business avenues worth $1.3 trillion housing-investment boom, said chairman of Piramal Enterprises, in a media statement, adding that his the company ties up with developers across cities. It is considering affordable housing projects, while the listed Piramal Enterprises is awaiting a license to offer loans to home buyers as rising incomes and a government push to house the nation's billion-plus people will require 60 million new homes by 2024 and unleash investments of as much as $1.3 trillion over the next seven years, according to estimates by CLSA India Pvt. In view of this, it is looking at humongous growth in the housing finance segment, said Jignesh Shial, a Mumbai-based analyst with Quant Broking Pvt Ltd.
📅Published on:
26 May 2017
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
