A major investment platform focused on housing is making a significant push into the affordable and mid-income housing segment, with plans to invest more than $2 billion across India’s top property markets by the end of 2025 to help address supply-side constraints, according to a senior executive.

The platform — considered one of the world’s largest in the affordable housing space — is progressing toward its medium-term target of financing 1 million affordable homes in India through existing arrangements with leading developers.

The government recently announced support for 3 crore affordable houses, including 1 crore homes in urban areas. This represents a $500 billion business opportunity, requiring investments of at least $100 billion.

The housing fund aims to deploy at least $1 billion annually over the next two years in affordable and mid-income housing across the top 15 Indian cities, including major markets such as the Mumbai region, Delhi-NCR, Bengaluru, Pune, Hyderabad, Chennai, Kolkata, and Ahmedabad.

India is now entering a long period of demographic advantage expected to last around 30 years. Rising purchasing power is projected to trigger a consumption boom, with more than 200 million households expected to move into the upper middle-class and above income groups by 2030.

In the fund’s existing portfolio, unit prices start at ?12.5 lakh, and around 40% of the portfolio consists of homes priced below ?42 lakh. Investments have been made across over 175 projects, contributing to the development of more than 250,000 homes.

The long-term goal is to support the creation of one million affordable homes in India through a mix of innovative financing, partnerships, technology, and a strong emphasis on sustainability.

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