Accommodation Times News Services

Khush Housing Finance Ltd. an upcoming housing finance company announces its venture into Gujarat’s Ahmedabad city. The financial institute has set up its first branch in the city on Wednesday, 22nd June, 2016.

The company focuses on funding affordable home loans for affordable housing segment in the middle income and low income group, who otherwise has no access to housing finances due to lack of a formal income stream. The HFC has total seven branches after being granted the Certificate of Registration by National Housing Bank, which are situated in cities like Thane, Kolhapur, Pune, Virar, etc.

KHFL plans to set up 30 offices across the country in the next three years. “We are driven to at least create 1,000 new home owners across India by March 31, 2017,” said Amit Magia, CEO & Managing Director.

The company has also signed a memorandum of understanding with National Housing Bank for Credit Link Subsidy Scheme under Pradhan Mantri Awas Yojana, to facilitate improved affordability to the customers.

Soon HFC is going to launch more branches in various cities of Gujarat and Maharashtra like Baroda, Bhavnagar, Rajkot, Surat, Jamnagar, Vapi, Valsad, Aurangabad, Nashik, Nagpur and Solapur.