The owners of India's second-largest listed real estate firm, Unitech Ltd , plan to set up a non-banking finance unit to sell home loans in the fast expanding market."We are looking at within a year to start the business," the paper quoted Unitech Managing Director Sanjay Chandra as saying.
The NBFC will provide services related to real estate finance, possibly mortgage finance.The financial services business would be managed by an unlisted group company and the funding would come from the Chandra family's personal wealth, the paper said.It also said Unitech was in talks with international insurance firms to offer general insurance in India.
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