Piramal Capital, IMGC partners to offer home loans of Rs 5-75 lakh

17 Mar 2022 CW Team

Piramal Capital and Housing Finance Limited (PCHFL) has signed a partnership with India Mortgage Guarantee Corporation (IMGC) to offer home loans from Rs 5-75 lakh for up to 25 years to salaried and non-salaried customers.

PCHFL expects to grow 10-12% of business from the partnership with IMGC by the end of FY23.

Managing Director of PCHFL, Jairam Sridharan, said that the company had designed specific products to serve unserved and underserved customers. However, there is a segment that is presently credit unviable.

He added that the company's new offering Gruh Setu, created in partnership with IMGC, allows the company to expand credit into this population with the support of a mortgage guarantee.

This partnership with IMGC will enable the company to expand its offering through over 300 branches located across the country.

CEO of IMGC, Mahesh Misra, said that it would provide affordable housing loans through lower down payments, longer tenures, and lower equated monthly installment (EMIs). The company would support PCHFL in empowering the underserved markets and expanding its operations to more than 1,000 cities.

According to an official, PCHFL has plans to expand its operations in 1,000 cities, with a physical presence in about 500-600 cities in the next three years.

Image Source

Also read: Piramal Enterprises notes 32.12% slump in net profit at Rs 426.49 cr

Infrastructure Transport

08 Oct 2025

GMLR’s First Flyover To Open By May 2026, Says BMC

The Brihanmumbai Municipal Corporation (BMC) has announced that the first flyover of the Goregaon–Mulund Link Road (GMLR) project will be ready for use by May 2026.The GMLR, one of Mumbai’s most ambitious infrastructure ventures, involves a 12.2-kilometre corridor comprising tunnels, flyovers, and interchanges, built at an estimated cost of Rs 140 billion. The project aims to provide a seamless connection between Mumbai’s western and eastern suburbs, drastically reducing travel time and congestion.The first phase features a 1.2-kilometre flyover, beginning near Dindoshi Court and extendi..

Assam Awaits Nod For Rs 60 Billion Brahmaputra Tunnel

Assam’s ambitious Rs 60 billion underwater tunnel project, India’s first to be built beneath a major river, is awaiting Union Cabinet approval, according to a report by The Times of India. The proposed tunnel will connect Numaligarh and Gohpur under the Brahmaputra River, significantly improving road connectivity and strengthening strategic infrastructure near Arunachal Pradesh, which borders China.Estimated to take five years to complete, the project marks a major milestone in India’s transport and defence infrastructure planning. “The Detailed Project Report (DPR) is ready and will s..

Kochi Set To Commission South India’s First Hydrogen Station

Kerala is gearing up to embrace the fuel of the future — green hydrogen, with South India’s first green hydrogen plant and refuelling station nearing commissioning on the Cochin International Airport (CIAL) premises. The project marks a major milestone in India’s clean energy transition and could soon power the Kochi Water Metro and selected e-feeder services of the Kochi Metro.The project is being implemented by Bharat Petroleum Corporation Limited (BPCL) in collaboration with CIAL, featuring a 1,000-kilowatt facility at Nedumbassery. BPCL has also finalised plans for a second hydrogen ..