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Ummeed Housing Finance Pvt Ltd (UHFPL), based in Gurugram, has secured INR 250 crore from British International Investment (BII), the UK government's development finance arm. The funding will expand access to long-tenure, low-cost housing loans for India's low-income population, with a focus on underserved and women borrowers. The investment, classified as a 2X initiative, is expected to benefit around 3,000 women and boost financial inclusion. UHFPL, which manages assets over INR 2,400 crore and has served 33,000+ customers, aims to improve homeownership and living standards. Both organisations emphasised alignment with India's 'Housing for All' mission.
Ummeed Housing Finance Pvt Ltd (UHFPL), an affordable housing finance firm headquartered in Gurugram, recently announced that it had secured INR 250 crore in funding from British International Investment (BII), the development finance institution of the UK government. Advertisement
The company indicated that this investment would allow it to expand access to long-tenure and low-cost housing finance targeted at India's low-income population. The capital is intended to be channelled into mortgage-backed loans focused on underserved borrowers, with a strong emphasis on encouraging property ownership and advancing financial inclusion.
According to the company, these loans are designed to support individuals on their journey towards homeownership, reinforcing Ummeed's continued efforts towards inclusive growth. The fresh capital infusion is projected to benefit approximately 3,000 women borrowers. The investment qualifies as a 2X investment, which is part of a wider global initiative committed to the economic empowerment of women.
Ashutosh Sharma, Founder and Managing Director of UHFPL, remarked that the funding from BII would assist the company in advancing its developmental objectives, contributing to the improvement of living standards for borrowers and co-borrowers across low- and middle-income segments.
Ummeed has so far extended housing finance to over 33,000 customers and currently manages assets worth more than INR 2,400 crore.
Shilpa Kumar, Managing Director and Head of India at British International Investment, observed that their support for Ummeed aimed to expand access to housing finance, especially for women, thereby helping them enhance their financial resilience. She noted that the initiative was consistent with the Indian government's broader vision of ensuring 'Housing for All' and reaching those most in need of support.
UHFPL continues to focus on offering affordable home finance options primarily to low- and middle-income households across the country.
Source - PTI
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