Tag: British International Investment

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

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…