PNB Housing Finance Expands Affordable Housing

08 Nov 2023 CW Team

PNB Housing Finance, India's third-largest housing finance company, is on a mission to boost its affordable housing outreach. The company is planning to increase its affordable housing branches to 160 by the end of the fiscal year. Additionally, they aim for a 33% rise in disbursements within this segment, targeting Rs 10 billion for the current quarter, up from the Rs 7.50 billion disbursed in the previous July to September quarter.

In a significant move, PNB Housing Finance recently inaugurated its first all-women branch in Tambaram, Tamil Nadu. This milestone marks the company's 100th branch dedicated to affordable housing. The establishment of this all-women branch underscores the company's commitment to gender diversity and empowering women. It creates an environment where women can excel professionally and personally while contributing to the nation's economic growth.

This initiative aligns with PNB Housing Finance's overarching goal of expanding its business and ensuring broader accessibility to its products and services for a more diverse customer base.

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..