PNB Housing Finance Expands Affordable Housing Reach

07 Nov 2023 CW Team

PNB Housing Finance, the third-largest housing finance company in India, is gearing up to expand its affordable housing branch network to 160 by the end of this fiscal year. Additionally, they aim to boost disbursements in the affordable housing segment by 33%, reaching Rs 10 billion during the current quarter, up from Rs 7.50 billion in the July to September quarter of the current fiscal year.

In a significant milestone, PNB Housing Finance recently inaugurated its first all-women branch in Tambaram, Tamil Nadu. This landmark event also marked the establishment of the company's 100th branch dedicated to providing affordable housing solutions. This move underscores the company's commitment to gender diversity and women's empowerment.

By introducing an all-women branch, PNB Housing Finance aspires to create an environment that nurtures women's professional and personal growth while contributing to the nation's economic development. This branch is aligned with the company's broader objective of expanding its business and making its products and services more accessible to a wider customer base.

Girish Kousgi, Managing Director and Chief Executive Officer of PNB Housing Finance emphasised the company's dedication to gender diversity and inclusivity in the workplace. He highlighted the significance of the all-women branch in empowering women and reinforcing the company's commitment to offering affordable housing finance solutions.

PNB Housing Finance also plans to expand its presence in the affordable housing sector by adding 60 more branches under the Roshni home loans scheme. The company views South India, particularly Tamil Nadu, as a promising market and anticipates it will contribute significantly to the affordable housing segment's growth in the long term.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..