According to Mr. Srinivas Acharya MD, Sundaram BNP Paribas Home Finance,'' The ongoing Telangana agitations may lead to a 15-20% additional dip in property prices in Hyderabad. Due to the agitations, we have been seeing some delays in home loan disbursals."
The average ticket size of home loans given out by Sundaram BNP Paribas Home Finance is about Rs. 15 lakh. Sundaram BNP Home Finance is betting big on expanding its presence outside south India.
The company, which disbursed about Rs. 1,200 Crore home loans last year, gets about 25% of its business from Andhra Pradesh. The rest of Andhra Pradesh, including coastal Andhra and Rayalaseema, has been seeing vibrant growth in home loans. The company gets 50% of its business from Tamil Nadu, 15% from Kerala & 12% from Karnataka.
This year (2011), the company hopes to clock a total disbursal of Rs. 1,800 crore in loans. For the first half of the financial year ended September 2011, the company saw its disbursements grow 59% to Rs. 866 crore, compared with the corresponding quarter of the previous year. Net profits grew by 98% to Rs 39 crore during H1 2011 - 12.
About Sundaram BNP Paribas Home Finance..
Sundaram Home Finance Limited was incorporated on July 2, 1999, under the Companies Act 1956.
Sundaram Finance, has promoted Sundaram Home Finance. Sundaram Finance (SFL) and Union de Credit pour le Batiment (UCB) a wholly owned subsidiary of BNP Paribas, France, had entered into an agreement on May 2007, regarding a strategic partnership in housing finance in India whereby UCB will acquire a 49.9% stake in Sundaram Home Finance, a subsidiary of Sundaram Finance. Consequent to the completion of the regulatory approvals, the name of the Company has been changed to Sundaram BNP Paribas Home Finance Limited effective November 2007.
Sundaram BNP Paribas Home combines its expertise in Home Finance with the service-orientation of its promoter Sundaram Finance.
The average ticket size of home loans given out by Sundaram BNP Paribas Home Finance is about Rs. 15 lakh. Sundaram BNP Home Finance is betting big on expanding its presence outside south India.
The company, which disbursed about Rs. 1,200 Crore home loans last year, gets about 25% of its business from Andhra Pradesh. The rest of Andhra Pradesh, including coastal Andhra and Rayalaseema, has been seeing vibrant growth in home loans. The company gets 50% of its business from Tamil Nadu, 15% from Kerala & 12% from Karnataka.
This year (2011), the company hopes to clock a total disbursal of Rs. 1,800 crore in loans. For the first half of the financial year ended September 2011, the company saw its disbursements grow 59% to Rs. 866 crore, compared with the corresponding quarter of the previous year. Net profits grew by 98% to Rs 39 crore during H1 2011 - 12.
About Sundaram BNP Paribas Home Finance..
Sundaram Home Finance Limited was incorporated on July 2, 1999, under the Companies Act 1956.
Sundaram Finance, has promoted Sundaram Home Finance. Sundaram Finance (SFL) and Union de Credit pour le Batiment (UCB) a wholly owned subsidiary of BNP Paribas, France, had entered into an agreement on May 2007, regarding a strategic partnership in housing finance in India whereby UCB will acquire a 49.9% stake in Sundaram Home Finance, a subsidiary of Sundaram Finance. Consequent to the completion of the regulatory approvals, the name of the Company has been changed to Sundaram BNP Paribas Home Finance Limited effective November 2007.
Sundaram BNP Paribas Home combines its expertise in Home Finance with the service-orientation of its promoter Sundaram Finance.
