In a bid to enter the home loan market, Manappuram Finance has inked agreement to acquire Milestone Home Finance Company from Jaypee Hotels. The home loan market is worth Rs 8,20,000 crore and is growing at a CAGR of 19%. With the company’s huge customer base of 1.5 million, Manappuram can play a crucial role in home finance segment.
Milestone Home Finance is registered with the National Housing Bank and is promoted by Jaypee Hotels, which operates six properties in New Delhi, UP and Uttarakhand. While, set up in 1992, the Thrissur, Kerala-based Manappuram went public in August 1995 and has over 4,000 branches across the country.
