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 women borrowers, qualifying as a 2x investment under a global initiative for women’s economic empowerment.
Ashutosh Sharma, Founder & Managing Director of UHFPL, remarked, “This BII facility will advance our development agenda, significantly improving the quality of life for borrowers and co-borrowers from low- and middle-income backgrounds.”
Ummeed Housing Finance has already served over 33,000 customers and manages over Rs 2,400 crore in assets.
Shilpa Kumar, Managing Director and Head of India at British International Investment, emphasized, “By enhancing access to housing finance through Ummeed, we are empowering more women to build their financial resilience. This aligns with the government’s vision of ‘Housing for All,’ ensuring support reaches those most in need.”
UHFPL primarily provides affordable housing finance catering to low- and middle-income households.
