Comprehensive up-to-date news coverage

HomeNewsBusinessNirmal Jain of IIFL Group, ADIA's investments are key to expanding its...

Nirmal Jain of IIFL Group, ADIA’s investments are key to expanding its reach into the affordable housing market

Published on

Follow us on Google News for latest updates and information.

News Tech: Abu Dhabi Investment Authority (ADIA) invests Rs 2,200 in a 20% stake in IIFL Home Finance, which manages assets worth Rs 23,617 at the end of March. The deal he signed with IIFL Finance, the parent company of his IIFL Homes Sovereign Wealth Fund, is one of his largest investments in the affordable housing segment in India. In an exclusive interview with Moneycontrol, IIFL Group founder Nirmal Jain said ADIA’s investment will penetrate deep into the affordable housing segment and help the underserved Tier 4 or Tier 5 market. said to be used to target.

Industry-level mortgage rates could rise another 75 to 100 basis points, assuming the Reserve Bank of India rate hike cycle continues for some time, Jain said. He also spoke about how the merger of the Housing Development Finance Corporation (HDFC) and his HDFC Bank will affect smaller mortgage lenders. IIFL Home Finance is growing at a good pace the market opportunity is huge as there are not too many players in the affordable home finance segment.

There are many areas where we need to dig deeper. Home Finance currently operates in 230 cities across India. When we say new markets, we mean that we want to target underserved markets in Tier 4 or Tier 5 cities. We will delve deeper into these markets. We currently have 230 offices in 16 states and 2 federal territories. We will continue to expand the number of branches.

Latest articles

Cryptocurrency creator Do Kwon is on red alert from Interpol

News Tech: The Seoul Southern District Prosecutors’ Office announced on Monday that Interpol...

Take notes and create to-do list on WhatsApp

In this article, we'll show you how Take notes and create a to-do list...

According to Ken Griffin, the economy will benefit from the outflow of cryptocurrencies and NFTs

In Science and Space: In a recent interview with CNBC, Ken Griffin, the...

After making a joke in a viral TikTok video, an Apple VP has left the company

News Tech: One of Apple’s most senior employees is quitting the company after...

More like this

Cryptocurrency creator Do Kwon is on red alert from Interpol

News Tech: The Seoul Southern District Prosecutors’ Office announced on Monday that Interpol...

Take notes and create to-do list on WhatsApp

In this article, we'll show you how Take notes and create a to-do list...

According to Ken Griffin, the economy will benefit from the outflow of cryptocurrencies and NFTs

In Science and Space: In a recent interview with CNBC, Ken Griffin, the...

After making a joke in a viral TikTok video, an Apple VP has left the company

News Tech: One of Apple’s most senior employees is quitting the company after...

Mix Audio at home

When it comes to mixing your own music, there are a few basics that...

Find a way to facilitate crypto innovation, Coinbase’s US policy chief advises

News Tech: Governments around the world are debating whether and how to regulate...