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Home > Media Room > Press Release > Motilal Oswal Home Finance Ltd(MOHFL) inaugurates its 107th branch in India with a new branch in Gurugram

Motilal Oswal Home Finance Ltd(MOHFL) inaugurates its 107th branch in India with a new branch in Gurugram

01-Jan-1970  Gurgaon

MotilalOswal Home Finance Ltd(MOHFL) inaugurates its 107th branch in Indiawith a new branch in Gurugram

MOHF Targets the affordable housing financesegment

     Gurugram branch to target areas around Gurugram, Pataudi, GarhiHarsaru, Dhankot, Farukhnagar, Hellymandi, Bilaspur, Manesar, Sohna, Dharuhera,Najafgarh and Bahadurgarh

     The targeted average ticket size of loans will be at Rs. 40 lakhsfor Home Loans and Rs. 25 lakhs for Loan Against Property

 

Haryana, Gurugram, July 10, 2022: Motilal Oswal Home Finance Ltd.,one of India''s leading new age Housing Finance Companies,announced its new branch opening in Gurugram Haryana. This will be th 107thbranch of MOHFL in India. MOHFL wishes to exclusively & aggressively meetthe housing finance needs of lower & middle income (LMI) groups and, in theprocess, pave the way to meaningfully contribute toward the Government of India''sambitious goal of "Housing for allby 2022". MOHFL offers affordable home loans for purchasing orconstructing a house within a 60km radius of the Gurugram branch. 

MOHFL willopen its office on the Office no. 305- 307, 3rd floor, JMD Regent plaza, NearGuru Dronacharya metro, Gurgaon Haryana. Shashikant Pandey will be the head ofthis branch and can be contacted on 8586976550.

The Kaithal branch of MOHFL wasinaugurated on May 21 2022, by Mr ManishSingh, Chief Business Officer, MOHFL,Mr Alok Srivastav, State Head, MOHFL and the other senior executives from MOHFL.

While inaugurating Mr Manish Singh, CBO,MOHFL, said, "Gurugram is an important location for the north zone andwith its operational status, we will be able to tap the southern Haryanamarkets more effectively. We already have presence in Kaithal, Karnal, Rohtakand Yamunanagar, and Gurugram branch will ensure we cover the entire Haryanastate. We are in the business of providing hassle-free, affordable home loansto the lower and middle-income group, and the Haryana market is certainly verylucrative from that perspective. Moreover, the government has allocated Rs.48,000 crore to complete 80 lakh houses under the PMAY scheme in the financialyear 2022-23. Since we are into the affordable housing space, we are confidentof playing a significant role in the mission "Housing for all by 2022".


 

Key Highlights

MOHFL customers canexperience the paperless procedure, and availing of a loan with a digitalJourney makes it a completely seamless experience and hassle-free.

Think Home Loans. Think Motilal Oswal

 

About Motilal Oswal Home Finance Limited:

About Motilal Oswal Home FinanceLimited (MOHFL) is registered with NationalHousing Bank (NHB) and is amongst the leading new age Housing Finance Companiesin India, having its presence across 12 states in Western, North-Central andSouthern India.

The company is aprofessionally managed housing finance company with a unique combination offinancially sound and technically experienced parentage, having built publictrust for over four decades in the domain of financial services. The group isknown for their professional ethics, robust knowledge and strong executioncapabilities. The company works on the business philosophy of financialinclusion of Lower Income Group Indian families by providing them with accessto long term housing finance.
MOHFL is a subsidiary of Motilal Oswal Financial Services Limited (MOFSL).MOFSL is a well-diversified financial services company focused on wealthcreation for all its customers, including institutional, corporate, HNI andretail.

MOHFL is registered withNational Housing Bank (NHB) under section 29A of the National Housing Bank Act,1987 as an HFC under section 29A of the National Housing Bank Act, 1987 videCertificate of Registration No. 05.0111.14 dated May 19, 2014.

For Further Details Contact

Rohini Kute

GroupHead – Corporate Communication, Motilal Oswal Financial Services Ltd

Rohini.kute@motilaloswal.com

 

             

 

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