Excelsior Correspondent
JAMMU, Feb 26: Reinforcing its strategic focus on expanding housing finance in emerging real estate destinations, J&K Bank has approved a major residential project, “Heights III Extension”, for financing in its Mohali zone. The project, coming up at Jalandhar in Punjab, is being developed by M/s AGI Infra Limited, Jalandhar, a leading real estate development company in Northern India.
The sanction for the housing project was formalized in the presence of the Bank’s General Manager & Divisional Head (Jammu) Ashok Gupta, Zonal Head (Kathua) Suresh Chaudhary, Cluster Head (Mohali) Vishal Pandhoh and Branch Head Jalandhar Sanjay Kumar. Representatives of the promoter company, including Managing Director Sukhdev Singh Khinda, General Manager (Finance) Ashwani Kant Aggarwal and Banking Advisor Parmod Kumar Sharma, were also present on the occasion.
Speaking at the event, Ashok Gupta said that the sanction of Jalandhar Heights III Extension reflects the Bank’s growing thrust on housing finance in emerging business centres across its operational geographies. He noted that with rapid urban expansion in cities like Jalandhar, there is significant potential for supporting quality residential infrastructure that meets the evolving aspirations of customers.
He further stated that J&K Bank, as a trusted financial partner in the housing sector, remains committed to collaborating with credible developers and providing seamless, hassle-free and customized home loan solutions to prospective buyers.
By extending financial support to established developers and well-planned residential projects, the Bank continues to play a key role in promoting planned urban development and improving access to housing finance in fast-growing regions.
The latest sanction is in line with its broader strategy of strengthening its presence in high-growth markets while facilitating modern housing opportunities for customers.
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