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Sundaram Home Finance Ltd has initiated its affordable housing segment in Puducherry, aiming to disburse over INR 10 crore in the initial phase. The Chennai-based company recently expanded this business vertical into Karnataka, Andhra Pradesh, and Telangana. Highlighting Puducherry's growth as an education and employment hub, the company sees significant potential in small, affordable housing communities on the outskirts. Earlier, the company crossed 100 branches in this segment, with more than half in Tamil Nadu. Its emerging business, combining small business and housing finance, recorded a net profit of INR 212 crore on disbursements of INR 4,911 crore.
Sundaram Home Finance Ltd, headquartered in Chennai, has launched its affordable housing initiative in Puducherry, targeting disbursements of over INR 10 crore in the initial phase. This move is part of the company's broader expansion strategy, following its recent entry into Karnataka, Andhra Pradesh, and Telangana markets. Advertisement
The Managing Director, D Lakshminarayanan, noted that Puducherry's housing market is vibrant and increasingly affordable. He pointed out that many small housing communities on the city's outskirts present a strong opportunity for the company's affordable housing segment. He also emphasized that Puducherry's growing status as an education and employment hub is likely to fuel demand in this sector.
Earlier in February, Sundaram Home Finance reached a milestone of 100 branches under its emerging business segment, with over 50 branches located in Tamil Nadu. The emerging business vertical focuses on both small business loans and affordable housing finance, reflecting the company's commitment to catering to underserved markets.
For the April-December 31, 2025 period, Sundaram Home Finance reported a net profit of INR 212 crore on total disbursements of INR 4,911 crore, showcasing steady growth and operational efficiency in its emerging business vertical.
Source PTI
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