PUNE: India Mortgage Guarantee Corporation (IMGC), India’s first mortgage guarantee company, has announced a strategic partnership with Bajaj Housing Finance Limited (BHFL), India’s largest non-deposit taking HFC, offering the full suite of mortgage products to expand responsible access to home loans for underserved and first-time homebuyers across India.

The collaboration combines IMGC’s expertise in credit risk protection with BHFL’s strong distribution and last-mile lending capabilities to extend formal housing finance to borrowers often excluded due to limited credit histories or informal income profiles.

India’s affordable housing segment continues to face a sizeable credit gap, particularly among self-employed individuals and informal workers. Through this partnership, Bajaj Housing Finance will leverage mortgage guarantee-backed solutions to expand access to home loans — including through Sambhav Loans, its affordable housing offering designed specifically for customers with informal income profiles or limited credit history — while maintaining the risk discipline that underpins responsible lending. The partnership will also enable IMGC to deepen its presence in the affordable housing space, supporting the development of a more inclusive housing finance ecosystem and helping bridge the significant housing credit gap across India.

Speaking on the partnership, Mahesh Misra, MD and CEO, IMGC, said: “This partnership with Bajaj Housing Finance is a step forward in expanding access to housing finance for underserved segments. Mortgage guarantees play a key role in enabling lenders to extend credit with confidence, while maintaining strong risk discipline. With mortgage penetration in India still relatively low compared to global benchmarks, the opportunity to scale responsible lending remains significant, and risk-sharing solutions like mortgage guarantees are critical to unlocking it responsibly.”

India’s total outstanding housing credit stood at ₹43 trillion as of February 2026, yet mortgage penetration remains low at around 11-12% of GDP — compared with over 50% in several developed markets, highlighting the significant opportunity to deepen housing finance access across the country. EY estimates a 25% CAGR in India’s affordable housing segment between 2022 and 2027, with ten states, including Maharashtra, Karnataka, and Uttar Pradesh, accounting for over three-quarters of national demand.

The post IMGC and Bajaj Housing Finance Limited’s Commitment to Affordable Housing Through Mortgage Guarantee appeared first on NRI News.

Phase 4 stands out as the only tower in Ashiana Malhar offering a distinctive combination of mountain-facing views, East and West Vastu-oriented homes, and uninterrupted views of approximately 3.12 acres of open greens. Spread across 14 floors with eight units per core, the tower has been designed to deliver a balanced mix of privacy, natural light, and community living. The residences feature upgraded tiles and modern specifications in the kitchens and bathrooms, further elevating the development’s premium appeal.

The newly launched inventory includes both 2 BHK and 3 BHK configurations, with prices starting at ₹83.26 lakh for 2 BHK homes and ₹1.246 crore for 3 BHK homes. Early buyers can also avail registration benefits of up to ₹5 lakh. With only 110 units available in this tower, Ashiana Housing is positioning Phase 4 as a limited opportunity within the township, aimed at discerning homebuyers seeking both lifestyle quality and long-term value.

Commenting on the launch, Ankur Gupta, Joint Managing Director, Ashiana Housing Ltd., said, “Phase 4 at Ashiana Malhar reflects our continued focus on creating thoughtfully designed premium homes within well-planned communities. With its mountain views, Vastu-oriented layouts, and upgraded specifications, this tower offers a compelling lifestyle proposition for homebuyers in Pune. The strong response to earlier phases gives us confidence that this limited inventory will resonate well with discerning customers.”

Adding further, Col. Sunil Vidyadhar Damle, Vice President, Ashiana Housing, said, “Phase 4 has been strategically positioned as the most preferred tower within the township. From its premium placement and uninterrupted green views to enhanced specifications, every element has been curated to deliver superior everyday living. With only 110 homes available, this phase offers a rare opportunity for buyers looking to secure the best-located residences within Ashiana Malhar.”

Ashiana Malhar is being developed as a joint venture project, with revenue to be shared with the development partner in accordance with the agreed terms. The total estimated project cost is approximately ₹750–800 crore and is being funded through internal accruals. Construction progress across the township continues as planned, with Phase 1 already delivered, Phase 2 scheduled for November 2026, Phase 3 for June 2027, Phase 4 targeted for September 2029, and Phase 5 to be announced.

The project has witnessed strong sales momentum so far, driven by positive homebuyer response to the premium home concept in Pune. The recent launch of the clubhouse at Ashiana Malhar has further strengthened customer confidence and preference for the project, reinforcing Ashiana Housing’s reputation for customer-first development, construction quality, and long-term livability.

With the launch of Phase 4, Ashiana Housing aims to further strengthen Ashiana Malhar’s positioning as a high-trust, amenity-rich residential destination offering both exclusivity and enduring value. Ashiana Housing Unveils Phase 4 of Ashiana Malhar

The post Ashiana Housing Unveils Phase 4 of Ashiana Malhar appeared first on NRI News.

PUNE: PNB Housing Finance Limited, one of India’s leading housing finance companies, reaffirmed its commitment to supporting homeownership in Maharashtra, with a continued emphasis on enabling customers to benefit from the Pradhan Mantri Awas Yojana (PMAY). As part of its strategic focus on PMAY-U 2.0, PNB Housing Finance is helping families – especially first-time buyers – navigate their home-purchasing journey seamlessly, while supporting the government’s broader ‘Housing for All’ vision. 

PNB Housing’s affordable housing solution, Roshni Home Loans, caters to low- and middle-income households aspiring to begin their homeownership journey, particularly in semi-urban and emerging regions of the country. Maharashtra remains a key growth region, supported by a strong network of 47 branches, including 25 dedicated Roshni branches. The company also offers tailored solutions for the informal and self-employed segments through its affordable housing and emerging markets lending solutions, thus widening the reach of housing finance beyond traditional income documentation.

Commenting on the Company’s direction, Jatul Anand, Executive Director, PNB Housing Finance, said: “We deeply appreciate the Government’s visionary initiatives like PMAY-U 2.0, which have transformed the housing landscape and brought people closer to their dream of home ownership. Maharashtra has emerged as one of our most promising growth centres, and we are proud to support the mission of simplifying access to home loans for consumers here. We remain committed to driving financial inclusion by creating awareness among citizens about the PMAY-U 2.0 scheme and enabling interest subsidy benefits, thus contributing to the larger goal of nation-building and Viksit Bharat.”

To amplify awareness and encourage adoption of PMAY-U 2.0, PNB Housing Finance will intensify mass-outreach campaigns across Maharashtra, including interactive sessions in semi-urban districts and targeted programmes for listed beneficiaries. These initiatives aim to help aspiring homeowners understand their eligibility, interest-subsidy benefits, and the end-to-end process for availing PMAY-linked loans through trusted lending partners such as PNB Housing Finance.

The Company continues to advance its digital transformation journey, offering a seamless customer experience through a cutting-edge tech stack and omnichannel presence. It recently secured a credit rating upgrade from ‘IND AA+’ to ‘IND AAA’ from India Ratings, demonstrating sustained financial strength and asset-quality improvement. With a roadmap to achieving a ₹1 lakh crore loan book by FY27 and a pan-India network of over 500 branches, PNB Housing Finance remains focused on driving housing-led development.

The post PNB Housing Finance: Driving PMAY-U 2.0 and Financial Inclusion for Housing Development in Maharashtra appeared first on NRI News.

Calling the move “timely and impactful,” Gera said the lower interest rate environment would directly ease the financial burden on prospective homebuyers.

“Lower repo rates translate into lower borrowing costs, and that directly benefits homebuyers. This cut will improve EMI affordability and pull some fence-sitters back into the market,” Rohit Gera noted.

The rate cut comes at a time when housing demand across key metros has remained robust, even as overall affordability has been under pressure due to rising property prices. With EMIs set to fall as banks pass on the benefit of cheaper credit, the industry expects a fresh wave of enquiries and conversions in the upcoming quarters.

Gera added that the move would not only support buyers but also bring relief to developers, many of whom have been navigating tight liquidity conditions amid elevated construction costs.

“For developers, it supports both sales velocity and liquidity,” Rohit Gera said, highlighting that improved access to funding could help accelerate project execution timelines and overall industry stability.

“The timing is helpful because demand is strong, but affordability remains stretched in several metros,” Gera further emphasized.

The real estate sector, which has witnessed record sales over the past two years, is likely to view the rate cut as a catalyst for sustaining growth, especially in the mid-income and premium housing segments.

Economists expect banks and housing finance companies to announce revised lending rates in the coming weeks, paving the way for reduced EMIs and improved affordability for millions of potential homebuyers.

The post RBI Repo Rate Cut: A Catalyst for Housing Demand and Affordability, Insights from Rohit Gera appeared first on NRI News.

The first phase of the project was met with extraordinary demand, recording a 3x oversubscription. The atmosphere at the venue was nothing short of electric. Families arrived with hope, anticipation, and excitement, eager to secure a home in what is already being called Pune’s most aspirational township. The overwhelming response reflects the growing aspiration for integrated, future-ready living spaces, the massive faith customers and investors have in the legacy of Hiranandani Communities, and the bold, innovation-driven vision of Krisala Developers.

With the stellar success of Phase 1, the developers have announced that the second phase of allotments will be opening soon.

Elated with the massive customer response, Dr. Niranjan Hiranandani, Chairman, Hiranandani Communities, said, “This is more than just a record; it is a reflection of the trust families and investors have placed in the Krisala-Hiranandani vision. The overwhelming response proves that Pune is ready for large-scale, integrated living on a par with global benchmarks. This township will not only redefine North Hinjawadi but also stand as one of the most iconic projects in India’s real estate story.”

Sagar Agarwal, Chairman & Managing Director, Krisala Developers, said, “The response we witnessed was overwhelming and deeply humbling. To create a national record with 1,100 homes sold in one day and ₹1,000 crore revenue generated is a proud moment not just for Krisala, but for every customer who chose to be a part of this journey. What stood out for me was the trust; people didn’t just see a home, they saw a future, an investment, and a dream worth holding on to. For those who could not be a part of Phase 1, we assure you that Phase 2 is around the corner, and you will be welcomed into this community with equal pride and care.”

The Krisala-Hiranandani Township spans 105 acres in North Hinjawadi and is designed as India’s first branded resort-style integrated township. Blending residential, commercial, healthcare, education, leisure, and hospitality, the development is poised to become one of the most aspirational addresses in India.

The post Krisala-Hiranandani Township Achieves Milestone: Over 1,100 Units Sold in One Day, Generating ₹1,000 Crore in Revenue appeared first on NRI News.

PUNE: Godrej Capital, the financial services arm of the Godrej Industries Group, today announced that its subsidiary, Godrej Housing Finance (GHF), has launched its first all-women employee Housing Finance branch in Pune, under its flagship initiative, Aarohi. Located in Kharadi, Pune, this marks GHF’s second Affordable Housing Finance branch in the city within a span of six months, reflecting its growing presence across key markets and continued focus on inclusion and accessibility.

The new branch is fully managed and operated by a team of 10 women professionals across functions such as sales, credit, and operations. While the branch serves a diverse customer base, it symbolises the company’s commitment to greater representation within the financial ecosystem. Over time, the company plans to expand this initiative, building a robust base of future-ready women professionals in the BFSI sector.

The branch will cater to high-growth zones across a wide range of neighbouring areas around Kharadi, including Ranjangaon, Katraj, PCMC, Lonikand, Shikrapur, Loni Kalbhor, Uruli Kanchan, Shirur, and more. It will offer Affordable Housing Loans starting from INR 5 lakh with tenures of up to 30 years, to both salaried and self-employed applicants. Building on its distribution-led model, the company aims to strengthen its ecosystem of connectors, builders, and channel partners to ensure access to affordable housing finance in relatively underpenetrated micro-markets. Through this initiative, the focus remains on empowering aspiring homeowners, particularly women, to achieve their dream of permanent residence.

By enabling women-led service delivery, the branch aims to strengthen customer engagement and operational efficiency, ensuring quicker loan processing and more personalised support for customers. It will also offer special rates for women borrowers, reinforcing the company’s commitment to inclusive financial growth.

Mehernosh Tata, CEO, Godrej  Housing Finance, said, “The launch of our second Affordable Housing Finance branch in Pune within six months reflects the strong demand we are seeing for affordable housing and our intent to deepen our presence across high-potential markets. The fact that this branch is also our first all-women branch under Aarohi makes it even more special – it represents growth with purpose. We believe diversity and inclusion are key to building trust and delivering stronger outcomes for our customers. Through Aarohi, we aim to create meaningful opportunities for women to lead and thrive, while continuing to make homeownership more accessible to families across India.”

Aarohi is Godrej Capital’s flagship inclusion platform, designed to empower women as borrowers, employees, partners, and community leaders. The initiative is built on four pillars – financial inclusion, equitable employment, capability building, and strategic collaborations – each aimed at strengthening women’s participation across the financial ecosystem. Since its inception, Aarohi has enabled over INR 1000 crore in loan bookings for women and aims to positively impact over 1,00,000 women within the next five years.

As per industry estimates, women accounted for nearly 20% of all home loan disbursements in FY25, reflecting a steady rise in financial participation and homeownership. Maharashtra led the country, contributing 28% of total loans disbursed to women, driven by strong economic activity and financial penetration. Pune, as one of Maharashtra’s leading cities, is a significant contributor to this trend, especially in mid-income and IT-centric zones like Wakad, Baner, and Kharadi, where female borrower participation continues to grow. The launch of Aarohi’s all-women branch in Pune aligns with this momentum, offering a dedicated platform that not only facilitates access to housing finance but also empowers women to lead and thrive in the financial services ecosystem.

The post Godrej Capital Launches Pioneering All-Women Housing Finance Branch in Pune appeared first on NRI News.

The recognition highlights CGHFL’s strong portfolio growth, sound asset quality, and its mission to make home financing more accessible for underserved communities. By catering to informal-income households with flexible credit models and customer-first services, the company continues to make homeownership a reality for many across India.

Speaking on the achievement, Rajesh Sharma, Managing Director, Capri Global Capital Ltd., said, “This award reaffirms our long-term commitment to financial inclusion and the dream of homeownership for every Indian. Our growth has been driven by a clear focus on affordability, trust, and last-mile delivery. We remain dedicated to empowering aspiring homeowners in semi-urban and rural India through responsible lending and digital innovation.”

In FY25, CGHFL achieved 24% growth in its loan book, most of which supported first-time homebuyers in semi-urban and rural areas. This momentum stems from the adoption of digital tools and a sharp understanding of borrower needs. By blending technology-led processes with a strong on-ground network, CGHFL ensures faster approvals, greater transparency, and a seamless lending experience.

This recognition reinforces Capri’s contribution to India’s housing finance landscape and its commitment to being a trusted financial partner for families building a secure and self-reliant future.

The post Capri Global Housing Finance Limited Honored at the First National Housing Bank Excellence Awards appeared first on NRI News.

Market Cooling, Not Crashing

The report highlights that cities such as Bengaluru and Hyderabad continue to drive growth, with both cities recording 5% quarterly increases in Q1 2025. Bengaluru’s average prices rose to INR 7,881/sqft, while Hyderabad touched INR 7,412/sqft. In contrast, key mature markets such as Delhi NCR, MMR (Mumbai Metropolitan Region), Pune, and Chennai recorded no quarterly change in average prices following an already flat previous quarter, suggesting a plateauing of prices.

Other markets like Ahmedabad and Kolkata also saw moderate increases of 3.8% and 4% respectively in Q1 2025, reinforcing the trend of steady—though decelerating—growth.

“The moderation in price growth observed over the past few quarters indicates a stabilising market dynamic, likely encouraging the return of end-users previously displaced by speculative activity,” said Dhruv Agarwala, Group CEO, Housing.com & PropTiger.com. “This more measured trajectory is critical for sustaining end-user participation while maintaining the value built by investors and developers. In 2025, the market is expected to undergo further consolidation, reinforcing structural fundamentals and enabling steady, sustainable growth.”

Signs of Equilibrium Across Major Markets

The shift toward moderation became particularly evident from Q3 2024 onwards. Between Q4 2024 and Q1 2025, most cities either held steady or posted low single-digit gains. For example:

• Ahmedabad rebounded from a dip in Q4 2024 to register a 4% QoQ growth.
• Kolkata also recovered after a 4% decline last quarter, with a 4% rise.
• Pune remained flat at INR 7,109/sqft, reflecting stability after strong gains in 2023.
• Even in high-growth areas like Delhi NCR, which saw double-digit gains through much of 2023, Q1 2025 showed 0% quarterly growth, indicating a market that is pausing after a sharp upswing.

Macro Drivers Behind Consolidation

The stabilisation phase can be attributed to multiple factors:

• A more discerning buyer base dominated by end-users
• Continued but rationalised investor interest
• A supply pipeline adjusting to real demand rather than speculative pushes

Outlook

The report concludes that this cautious consolidation sets the stage for a more sustainable growth path. With prices plateauing in many cities and rising modestly in others, developers are likely to respond with more calibrated launches. This, in turn, will help maintain momentum while avoiding overheating in the sector.

The post Indian Residential Market Shifts to Cautious Consolidation appeared first on NRI News.

With a planned investment of ₹ 2,750 Cr, ‘One by MSN’ is not just a flagship launch but the foundation of MSN Realty’s larger vision to develop over 20 million sq. ft. across Hyderabad in the next five years. Backed by the financial strength and credibility of the MSN Group, the 4 million sq ft. project reflects a long-term commitment to reshaping urban living through integrated, high-value developments that blend thoughtful design with modern infrastructure.

The project embodies the philosophy of Panchtatva – the five natural elements of Earth, Water, Fire, Air, and Sky and reflects this in its design approach. ‘One by MSN’ is planned to align with principles of space, light, and harmony with architecture that prioritizes openness, natural ventilation, and visual connection to the outdoors. With views of Osman Sagar Lake, the project includes features such as private lobbies, dual access, and layouts designed for seamless indoor-outdoor transitions.

The development includes 1.8 lakh sq. ft. of amenities, spanning the clubhouse, podium, and a Skypark, equipped with three swimming pools (including a temperature-controlled indoor pool and an infinity pool), along with dedicated recreational and wellness areas such as a yoga deck, sky cinema, aqua gym, and multipurpose lawns. In addition to community spaces, the project integrates sports infrastructure including courts for badminton, squash, pickleball and paddleball, in addition to a bowling alley, as well as simulators for cricket, football, and golf – all supported by a forward-looking approach that brings together smart technologies, energy-efficient systems, and seamless digital integration to elevate everyday living.

Speaking on the occasion, Dr. MSN Reddy, Founder, Chairman & Managing Director of MSN Group, said, “With ‘One by MSN’, we are entering the real estate sector with a clear focus on thoughtful design and long-term value creation. We aim to build spaces that are aligned with evolving urban needs while being rooted in quality and functionality. We’re proud to begin this journey from our home city, Hyderabad, and look forward to shaping the future skyline of India with the same passion and purpose that define MSN Group.”

The post Discover ‘ONE by MSN’: A New Era of Luxury Living at Neopolis appeared first on NRI News.

PUNE: Godrej Capital Limited, the financial services arm of the Godrej Industries Group, has inaugurated a new branch of Godrej Housing Finance Limited (GHFL) (A subsidiary of Godrej Capital) in Pimpri Chinchwad. Following the opening of its first branch in Virar focused on affordable housing, the Company is focused on strengthening its presence across Maharashtra. The Pimpri Chinchwad branch will also cater to nearby areas such as Wakad, Hinjewadi, Talegaon, and others, offering housing finance solutions.

The Company is dedicated to supporting aspiring homebuyers with affordable housing solutions, offering loan amounts starting from INR 5 lakhs (Rupees Five Lakhs Only) for salaried and self-employed individuals, with tenure of up to 30 years. This initiative aligns with the Company’s commitment to bridging the affordability gap and empowering homeownership with trusted financial solutions.

Pimpri Chinchwad is one of Pune’s fastest-growing regions, driven by its thriving industrial and IT hubs, including Hinjewadi IT Park, the Pune-Mumbai Expressway corridor, and the upcoming Pune Metro expansion. The area’s rapid infrastructure development and increasing employment opportunities have made it a prime destination for affordable housing. With rising demand in peripheral markets, homebuyers in the region benefit from a combination of affordability, convenience, and connectivity.

Godrej Capital plans to open 10 additional branches across Maharashtra and Gujarat in the near future, reinforcing its long-term vision to expand homeownership opportunities in high-growth markets.

Speaking on the launch, Manish Shah, MD & CEO of Godrej Capital, said, “At Godrej Capital, we recognize that owning a home is a major milestone for families, and we are committed to making housing finance more accessible and inclusive. Our goal is to empower homebuyers with trusted and customized financial solutions, ensuring they have the support they need on their homeownership journey. The launch of our Pimpri Chinchwad branch is a crucial step in our housing finance growth strategy, as the region presents immense potential for homeownership.

Beyond providing credit access, we are also focused on driving deeper financial inclusion through our initiatives like Aarohi, which empowers women by making homeownership more accessible. By enabling women to become homeowners, we not only strengthen their financial independence but also create new opportunities that positively impact all aspects of their lives. We look forward to playing a pivotal role in helping individuals and families achieve their dreams of owning a home.”

With a strong focus on service delivery and customer-centric solutions, we are simplifying the home loan process by offering tailored financial products, seamless digital services, and a hassle-free documentation process for faster approvals. Flexible underwriting standards have also been introduced to cater to informal income segments, ensuring broader financial inclusion. Additionally, eligible homebuyers can avail of benefits under PMAY 2.0 to further support their homeownership journey.

To further strengthen its offerings, we have partnered with reputed developers for pre-approved projects, ensuring a smoother and more efficient financing experience for homebuyers.

The post Godrej Capital Launches New Affordable Housing Finance Branch in Pimpri Chinchwad, Pune appeared first on NRI News.