British International Investment (bii) Boosts Affordable Housing In India

Altum Credo Home Finance, a Pune-based affordable lodging lender, has secured ₹170 crore (around €18.7 million) successful equity backing from British International Investment (BII), nan UK’s improvement finance institution and effect investor.

The announcement was made connected August 25, 2025, pinch some firms highlighting nan deal’s domiciled successful expanding in installments entree for low-income households successful India.

BII backs description into underserved lodging markets

Founded successful 2016, Altum Credo provides long-tenure location loans chiefly to first-time, low-income buyers pinch informal aliases semi-formal incomes. The caller superior will beryllium utilized to grow operations crossed confederate and occidental India, amended exertion and IT infrastructure, and support location building and basal services for illustration sanitation and electricity.

“We greatly worth nan continued support and assurance shown by British International Investment done this caller equity infusion,” said Vikrant Bhagwat, Managing Director and CEO of Altum Credo, arsenic reported by Business Standard. “This finance further strengthens our equilibrium expanse for a semipermanent sustainable impactful maturation travel and our committedness to cater meaningfully to nan ample unmet request for affordable lodging finance successful India.”

Shilpa Kumar, Managing Director and Head of India astatine BII, said: “We are continuing our finance pinch Altum arsenic it aligns pinch BII’s committedness to inclusive maturation by expanding entree to affordable lodging finance for communities crossed India. Through this partnership, Altum is enabling low-income households, particularly women, to entree safer, much unafraid homes and basal services.”

Financial maturation and way record

Altum Credo has served much than 15,000 customers crossed six Indian states. In nan financial twelvemonth ending March 2024, nan institution reported a 67 per cent summation successful operating revenue, while nett profit much than doubled, according to Entrepreneur.

The institution has raised adjacent to $80 cardinal (€73.5 million) successful full backing truthful far, including a $40 cardinal (€36.7 million) information successful April 2023 led by Z3Partners and Oikocredit.

India’s affordable lodging finance boom

Altum Credo’s latest backing arrives astatine a clip of rising investor liking successful nan sector. Another caller woody progressive Weaver Services raising $170 cardinal (€156 million).

With BII doubling down connected its investment, India’s affordable lodging assemblage seems group for explosive growth.

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