Piramal sets up housing finance unit

The group aims to cater to demand across India’s real estate and non-real-estate financing markets.

Piramal Enterprises Limited, one of India’s largest conglomerates, has announced a plan to enter the domestic retail housing finance market.

Piramal Finance Limited (PFL), the financial arm of the group, has applied to the National Housing Bank to incorporate a housing finance company (HFC) as a subsidiary, according to a statement.