Reported by: banking|Updated: February 2, 2019
Capri Global Housing Finance, a wholly owned subsidiary of Capri Global Capital, intends to have a network of 232 branches from the current 76 by financial year 2023, says MD Rajesh Sharma. It is now present in 8 states in the northern and western India but will expand to other geographies like the southern states of Tamil Nadu, Karnataka and Andhra Pradesh and the North East, adds Sharma. Sharma says there is a huge market for home finance, but no one can get volumes at one place. “So we will have to build a network of our own branches in the cities. We plan to scale up the network too,” Sharma says in an interview with Banking Frontiers.
Capri Global Housing Finance offers affordable home finance, construction finance and SME loans. Housing finance AUM is 14.6% of the total AUM. Sharma says the company has already empowered over 5000 families to realize the dream of owning their own homes. Its key housing finance markets include Maharashtra, Gujarat and NCR. The average ticket size is Rs1.1 million. The company is also a key contributor to the prime minister’s vision of ‘Housing for All’ by 2022.