Sundaram Home Finance Aims for ₹450 Crore Disbursements in Maharashtra for FY25

Sundaram Home Finance is targeting significant growth in Maharashtra, aiming to increase its total disbursements in the state to ₹450 crore in FY25, up from ₹250 crore in FY24.

To facilitate this expansion, the company has inaugurated its second office in Pune, marking its sixth branch in Maharashtra. This new branch will primarily focus on home loans for the mid-market segment, with an average loan size of approximately ₹40 lakh. The first Pune branch disbursed over ₹100 crore in FY24, underscoring the city’s growing importance as a key market for home finance.

D Lakshminarayanan, Managing Director of Sundaram Home Finance (SHF), noted that Pune’s rapid development, driven by its proximity to Mumbai and a surge in IT companies, has been a major factor in the decision to expand. “The success of our first branch in Pune has prompted us to further invest in the city. We are confident that our expanded presence will enable us to capitalize on the growing opportunities and broaden our customer base,” Lakshminarayanan said.

He also highlighted the strong economic growth in Tier-2 towns across Maharashtra, which has led to increased demand for residential properties. SHF plans to enhance its presence in these regions, reinforcing its footprint in existing locations.

Earlier this year, SHF expanded into Navi Mumbai, where initial responses have been promising. “We have observed robust demand for home loans in Navi Mumbai during the first six months of our operations and anticipate this trend to continue. We are currently strengthening our team in Mumbai to support our next growth phase,” Lakshminarayanan added.

In addition to its branches in Pune and Navi Mumbai, SHF operates in Thane, Nashik, and Nagpur. The company remains dedicated to growing its presence in southern India, particularly in Tier-3 and Tier-4 towns, while also planning gradual expansions into selected regions in West and Central India.