Ummeed Housing Raises ₹250 Crore from BII for Affordable Homes
NEW DELHI: Ummeed Housing Finance Pvt Ltd (UHFPL), based in Gurugram, announced on Tuesday that it has raised Rs 250 crore in funding from British International Investment (BII), the UK’s government development finance institution. This investment aims to enhance Ummeed’s capacity to offer affordable, long-term housing finance to low-income groups across India. The funds will primarily be used for mortgage-backed loans, targeting underserved borrowers and promoting property ownership and financial inclusion. In line with its mission for inclusive growth, Ummeed stated that these loans will facilitate homeownership among beneficiaries. This new capital injection is expected to assist up to 3,000…