A global investment fund has completed the acquisition of an affordable housing finance provider, according to an official statement.

The fund will invest ?500 crore ($58 million) as growth capital to support the organisation’s expansion into new regions and to strengthen its digital infrastructure.

The housing finance institution, established in 2017, offers affordable mortgage solutions to retail borrowers in tier-2 to tier-4 cities and has supported more than 47,000 low-income homeowners and small businesses. As of March 31, 2025, it had assets under management exceeding ?3,000 crore, consisting primarily of granular, retail, and secured loans.

The chairperson of the newly formed board stated that the organisation is well positioned to expand access to homeownership. They added that the board’s collective experience will offer strong strategic guidance and oversight, ensuring responsible growth with a focus on customer needs and prudent operational practices.

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