Sundaram Home Finance targets affordable housing

06 Sep 2023 CW Team

Sundaram Home Finance, a wholly-owned subsidiary of Sundaram Finance, is gearing up to enter the rapidly growing affordable home loan market, aligning with the government's "housing for all" initiative. Their primary focus will be on tier 2 and tier 3 towns as they diversify into the affordable housing sector.

Managing Director Lakshminarayanan Duraiswamy emphasised that this move is a logical extension of their core activities since inception. They see catering to retail customers in tier 2 and tier 3 towns as an integral part of their strategic growth plans. Duraiswamy believes that this segment holds considerable long-term growth potential for the company.

In terms of its strategy for the affordable housing segment, the company intends to establish approximately 10 branches in smaller towns within Tamil Nadu and Andhra Pradesh. Additionally, they plan to hire 50-75 employees exclusively dedicated to the affordable housing segment in the initial phase, with the goal of achieving this by March 2024.

As of March 2023, Sundaram Home Finance managed assets worth Rs 112 billion, and they reported a net profit of Rs 2.15 billion in the previous fiscal year.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..