Tag: affordable housing finance

Housing FinanceLatest Stories

Sundaram Home expands to Karnataka, targets ₹60 crore in EB loans

CHENNAI: Sundaram Home Finance has entered the Karnataka market with plans to disburse Rs 60 crore in its first year of operations in the state under its Emerging Business segment. In the initial stage of expansion, the Chennai-based firm intends to open 8-10 branches in Tier II and III towns in Karnataka, according to a press release issued on Tuesday. Sundaram Home Finance is a subsidiary of Sundaram Finance Ltd. The company currently operates over 50 branches in Tamil Nadu and Andhra Pradesh within the Emerging Business segment, having disbursed Rs 200 crore in this category last year. The Emerging…

Housing FinanceLatest Stories

Altum Credo secures ₹170 crore from British International Investment

NEW DELHI: British International Investment (BII) has invested ₹170 crore in Altum Credo Home Finance, a company focused on affordable housing finance. This funding will enable Altum Credo to expand its operations in its current regions within India and to bolster its IT infrastructure, enhancing operational efficiency, customer experience, and digital service delivery. The firm primarily addresses the home finance needs of first-time buyers from low-income groups, boasting assets under management (AUM) exceeding ₹1,000 crore. Published On Aug 25, 2025 at 09:45 AM IST Join a community of over 2 million industry professionals. Subscribe to our newsletter for the latest…

Housing FinanceLatest Stories

ICRA: Affordable housing AUM to reach ₹2.5L crore by FY28

NEW DELHI: According to ICRA, the assets under management (AUM) for affordable housing finance companies (AHFCs) are expected to grow to ₹2.5 lakh crore by FY2028, up from ₹1.4 lakh crore in March 2025. The total retail mortgage-backed loan portfolio for non-banking financial companies (NBFCs) and housing finance companies (HFCs) is projected to increase to ₹20 lakh crore by FY2028, rising from ₹13 lakh crore currently. ICRA forecasts that mortgage loans provided by NBFCs and AHFCs will see a compound annual growth rate (CAGR) of 17–19% and 20–22%, respectively, in the next three years. This growth is anticipated to be…

Housing FinanceLatest Stories

Sundaram Home Finance to raise ₹6,000 crore in FY26

Representative image CHENNAI: Sundaram Home Finance has announced its intention to raise over Rs 6,000 crore to enhance its growth in the current financial year. The funding will be achieved through various means including refinancing from NHB, bank loans, debentures, and fixed deposits, as stated by an official. Sundaram Home Finance reported a 26% increase in net profit for the January-March 2025 quarter, reaching Rs 71.57 crore compared to Rs 56.80 crore in the same quarter of the previous financial year. Disbursements in the reviewed quarter amounted to Rs 1,929 crore, up from Rs 1,469 crore in the previous year’s…