SMFG Grihashakti secures Rs 3 bn funding from NHB
Real Estate

SMFG Grihashakti secures Rs 3 bn funding from NHB

SMFG Grihashakti, a prominent player in the housing finance sector, has successfully raised Rs 300 crore in long-tenor funds from the National Housing Bank (NHB). This strategic move underscores the company's commitment to strengthening its financial position and furthering its mission to facilitate affordable housing solutions.

The infusion of funds from NHB, a premier financial institution in India, is expected to bolster SMFG Grihashakti's liquidity and support the expansion of its housing finance portfolio. The long-term nature of the funding signifies a sustained commitment to addressing the evolving needs of the real estate and housing sectors.

The collaboration with NHB, a key player in housing finance and regulation, reflects SMFG Grihashakti's strategic vision to forge partnerships that enhance its financial resilience. This development comes against the backdrop of a dynamic real estate market and increasing demand for affordable housing options.

The raised capital will likely be deployed to fuel the company's growth initiatives, including extending home loans, improving infrastructure, and exploring new avenues within the housing finance landscape. This move aligns with the broader industry trend of financial institutions actively participating in initiatives that promote accessible and affordable housing.

SMFG Grihashakti's successful capital infusion from NHB not only signals financial strength but also underscores confidence in the company's business model and growth prospects. As the housing finance sector continues to evolve, such strategic partnerships contribute to the overall resilience and sustainability of financial institutions.

SMFG Grihashakti, a prominent player in the housing finance sector, has successfully raised Rs 300 crore in long-tenor funds from the National Housing Bank (NHB). This strategic move underscores the company's commitment to strengthening its financial position and furthering its mission to facilitate affordable housing solutions. The infusion of funds from NHB, a premier financial institution in India, is expected to bolster SMFG Grihashakti's liquidity and support the expansion of its housing finance portfolio. The long-term nature of the funding signifies a sustained commitment to addressing the evolving needs of the real estate and housing sectors. The collaboration with NHB, a key player in housing finance and regulation, reflects SMFG Grihashakti's strategic vision to forge partnerships that enhance its financial resilience. This development comes against the backdrop of a dynamic real estate market and increasing demand for affordable housing options. The raised capital will likely be deployed to fuel the company's growth initiatives, including extending home loans, improving infrastructure, and exploring new avenues within the housing finance landscape. This move aligns with the broader industry trend of financial institutions actively participating in initiatives that promote accessible and affordable housing. SMFG Grihashakti's successful capital infusion from NHB not only signals financial strength but also underscores confidence in the company's business model and growth prospects. As the housing finance sector continues to evolve, such strategic partnerships contribute to the overall resilience and sustainability of financial institutions.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?