Aadhar Housing Finance Expands in Rajasthan with 5 New Branches
By Rediff Money Desk, Jaipur Dec 09, 2024 19:39
Aadhar Housing Finance opens 5 new branches in Rajasthan, expanding its reach to 54 branches in the state and 560 across India. The company provides affordable home loans to low-income groups and aims to address the region's housing shortage.
Jaipur, Dec 9 (PTI) Aadhar Housing Finance Ltd on Monday opened five new branches in various cities of Rajasthan.
The company opened new branches in Jaipur, Ajmer, Deoli, Kothaputli and Shahpura-Bhilwara. With these new branches, Aadhar's total number of branches in Rajasthan has increased to 54 and its total number will reach 560 across the country.
Rishi Anand, MD and CEO of the company, inaugurated the Vidyadhar Nagar branch in Jaipur.
The company provides affordable home loans to the low-income group (LIG) and economically weaker sections (EWS) of the country.
Quoting a report, he said that Rajasthan has a shortage of 85 per cent of homes in EWS and LIG categories and there is also a huge demand for credit.
"This is a great opportunity for Aadhar to fill this gap and provide affordable home loans and easy credit across the region," he said.
He said that Aadhar's assets under management (AMU) in Rajasthan currently stands at Rs 3000 crore. "Our main goal is to reach out to individuals who have limited access to traditional financial services. With this strategic expansion, we aim to provide customized home loan solutions and meet the financial needs of customers," he said.
Founded in 1990, Blackstone Group-owned Aadhar Housing Finance Limited has a presence across 21 states and union territories and operates with around 600 branches.
The company opened new branches in Jaipur, Ajmer, Deoli, Kothaputli and Shahpura-Bhilwara. With these new branches, Aadhar's total number of branches in Rajasthan has increased to 54 and its total number will reach 560 across the country.
Rishi Anand, MD and CEO of the company, inaugurated the Vidyadhar Nagar branch in Jaipur.
The company provides affordable home loans to the low-income group (LIG) and economically weaker sections (EWS) of the country.
Quoting a report, he said that Rajasthan has a shortage of 85 per cent of homes in EWS and LIG categories and there is also a huge demand for credit.
"This is a great opportunity for Aadhar to fill this gap and provide affordable home loans and easy credit across the region," he said.
He said that Aadhar's assets under management (AMU) in Rajasthan currently stands at Rs 3000 crore. "Our main goal is to reach out to individuals who have limited access to traditional financial services. With this strategic expansion, we aim to provide customized home loan solutions and meet the financial needs of customers," he said.
Founded in 1990, Blackstone Group-owned Aadhar Housing Finance Limited has a presence across 21 states and union territories and operates with around 600 branches.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 7.99 (+ 1.52)
- 58018780
- Mishtann Foods L
- 9.17 ( -5.17)
- 27555831
- Shree Securities
- 0.42 ( -6.67)
- 27309223
- AvanceTechnologies
- 0.90 ( -4.26)
- 25537567
- Rajnish Wellness
- 1.69 ( -2.87)
- 19267607
MORE NEWS
LIC Sells 2% Stake in NMDC: Share Price Drops
Life Insurance Corporation of India (LIC) has reduced its stake in NMDC by 2%, selling...
India Inc Urged to Join Capex Party, Invest...
Kumar Mangalam Birla calls on Indian businesses to boost investment and join the...
Elevation Capital Appoints Krishna Mehra to...
Elevation Capital appoints Krishna Mehra as Partner to lead AI investments, focusing on...