JM Financial Home Loans targets Rs 50 billion AUM by FY26

12 Mar 2024 CW Team

Manish Sheth, the Managing Director and CEO of JM Financial Home Loans, expressed the company's aspiration to increase its assets under management (AUM) to Rs 50 billion by the financial year 2025-2026. He mentioned that the company, which currently has a capital base of Rs 4.5 billion and a leverage of three times, is also keen on expanding its presence in Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu.

During the interview, Sheth provided insights into the growth strategy and financial details of the company. When asked about the growth plans, he responded that the retail mortgage business's AUM was around Rs 25 billion at the end of December 2023, showing a 65% year-on-year growth from the same quarter in 2022. The goal is to achieve an AUM of Rs 50 billion by FY26.

Sheth explained the borrowing strategy, mentioning that the borrowing profile involves bank term loans, long-tenor refinancing from the National Housing Bank, and debt instruments such as non-convertible debentures (NCDs). He emphasized the preference for long-tenor borrowing due to the long-term nature of home loans.

Regarding the expansion plan, Sheth outlined the intention to deepen the company's presence in existing markets before considering new regions for growth once disbursal targets are met.

When questioned about the evaluation of creditworthiness of loan applicants, Sheth highlighted the company's refined policies and processes over the years. Micro market-specific models have been developed to assess creditworthiness in small towns, considering collateral value and understanding the cash-flow cycle, especially for small business owners. On the credit underwriting front, a multi-layered vertical credit approval system is in place, incorporating effective delegation and the maker-checker concept.

Real Estate

02 Jun 2026

Dash Square Adds Ashley Study Furniture

Dash Square has expanded its furniture portfolio with a curated study furniture collection from Ashley Furniture Homestore. The range is designed for contemporary homes where work, study and creative activities increasingly require dedicated and well-planned spaces.The collection includes writing desks, executive workstations, storage-led study units and display shelving. It combines practicality, comfort and design to create workspaces that are functional as well as visually appealing.One setting features a light-toned desk with coordinated bookcases and storage cabinets, creating a bright an..

Suraj Estate Arm Acquires Mahim Land Rights

Suraj Estate Developers, through its wholly owned subsidiary Iconic Property Developers, has signed an MoU to acquire development rights for a land parcel in Mahim (West), Mumbai, for Rs 75 crore. The plot measures around 2,941 sq m and is located next to the company’s ongoing commercial project, Suraj One Business Bay.After amalgamation with the existing commercial development, the land is expected to generate additional saleable carpet area of around 1.50 lakh sq ft, with an estimated gross development value of Rs 800 crore. The project is expected to strengthen the company’s near-to-med..

AGNI Launches Industry Benchmarking Drive

The Association of Global NICMARians (AGNI), the alumni body of NICMAR, hosted ASPIRE 2026 in Mumbai under the theme ‘Innovation to Transformation’. The symposium brought together professionals from construction, infrastructure, real estate and project management to discuss technology, AI, sustainability and data-led decision-making.At the event, AGNI announced its vision to emerge as an industry think tank and launched initiatives including an Industry Benchmarking Programme. It also proposed a digital ecosystem with tools for innovation impact assessment, salary benchmarking, company ben..