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
Real Estate

Della, Hiranandani & Krisala unveil Rs 11 billion themed township in Pune

In a first-of-its-kind initiative, Della Resorts & Adventure has partnered with Hiranandani Communities and Krisala Developers to develop a Rs 11 billion racecourse-themed township in North Hinjewadi, Pune. Based on Della’s proprietary CDDMO™ model, the hospitality-led, design-driven project aims to deliver up to 9 per cent returns—significantly higher than the typical 3 per cent in residential real estate.Spanning 40 acres within a 105-acre master plan, the mega township will feature an 8-acre racecourse and international polo club, 128 private villa plots, 112 resort residences, a ..

Next Story
Real Estate

Hansgrohe unveils LavaPura Element S e-toilets in India

Hansgrohe India has launched its latest innovation, the LavaPura Element S e-toilet series, introducing a new standard in hygiene-focused, smart bathroom solutions tailored for Indian homes and high-end hospitality spaces.Blending German engineering with minimalist aesthetics, the LavaPura Element S combines intuitive features with advanced hygiene technology. The series is designed for easy installation and optimal performance under Indian conditions, reinforcing the brand’s focus on functional elegance and modern convenience.“With evolving consumer preferences, smart bathrooms are no lon..

Next Story
Infrastructure Urban

HCC Net Profit Stands at Rs 2.28 Billion for Q4 FY25

Hindustan Construction Company (HCC) reported a standalone net profit of Rs 2.28 billion in Q4 FY25, a sharp increase from Rs 388 million in Q4 FY24. Standalone revenue for the quarter stood at Rs 13.30 billion, compared to Rs 14.28 billion in Q4 FY24. For the full fiscal year, the company reported a standalone net profit of Rs 849 million, down from Rs 1.79 billion in FY24. Standalone revenue for FY25 was Rs 48.01 billion, compared to Rs 50.43 billion in the previous year.Consolidated revenue for Q4 FY25 stood at Rs 13.74 billion, and for FY25 at Rs 56.03 billion, down from Rs 17.73 billion i..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?