October 19, 2026 02:50 pm (IST)
Follow us:
DMI Finance expands its housing finance business
New Delhi, Sept 23 (IBNS): DMI Finance, a leading NBFC in India, has today announced plans to expand the retail business of its subsidiary DMI Housing Finance.
While DMI Finance continues to focus on providing wholesale corporate loans pan-India, DMI Housing Finance is focusing on expanding its business of providing mortgages and LAPs to home buyers and owners.
Speaking on the occasion, Yuvraj Singh, co-founder and joint-MD, DMI Finance said, “We are very excited about the retail mortgage business in India. Total mortgage debt remains lower than 10% of GDP while in the US it is closer to 80% of GDP. A youthful population, rapid urbanization, regular income growth and a very supportive Government is creating a huge opportunity for both borrowers and lenders.”
Shivashish Chatterjee, co-founder and joint-MD added: “Household wealth in India is almost $4 trillion of which about $3 trillion is locked in real estate. Housing finance is an effective way to unlock this wealth for more productive use. DMI Housing Finance will play its part in this very important function with an initial focus on North India. We expect to continually expand our product offering to meet the varying needs of home buyers and owners.”
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Onion prices set to get relief? Centre sends 440 tonnes to Tripura ahead of festive season
Fri, Oct 16 2026
12 nations turn to Bengal: ICC hosts diplomats in Kolkata to explore trade and investment opportunities
Thu, Oct 15 2026
Hyundai announces $15.5 billion India investment plan through 2032: Here's what's coming
Wed, Oct 14 2026
Modi, Anita Anand discuss trade, defence and energy as India-Canada ties gain momentum
Wed, Oct 14 2026
Government approves Fairfax Financial as strategic buyer for 60.72% stake in IDBI Bank
Wed, Oct 14 2026