Godrej Capital to enter affordable housing loan segment by December

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Godrej Capital, the financial services arm of the Godrej Group, is gearing up to enter the affordable housing loan segment by December, with plans to grow its assets under management (AUM) to Rs 17,000 crore by the end of the current financial year, its Managing Director Manish Shah said on Wednesday.

It is now aiming to increase this to Rs 17,000 crore by FY25, with a target of expanding to Rs 30,000 crore by March 2026 and a longer-term goal of achieving Rs 50,000 crore in AUM by March 2028, Shah stated.

As part of its expansion, Godrej Capital will make its foray into the affordable housing loan market by the end of the year.

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Category: BusinessFinance

Markets: India

Topics: Godrej Capital Godrej Capital Affordable housing Dec Loan

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 21:01:30 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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News ID: 22579180

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