Ummeed Housing Secures Rs 250 Crore BII Funding to Boost Affordability

Ummeed Housing Finance Secures Rs 250 Crore Funding from British International Investment

Gurugram-based Ummeed Housing Finance Pvt Ltd, a premier affordable housing finance company, has announced a major milestone by securing Rs 250 crore in funding from British International Investment (BII), the UK’s government development finance institution. This significant capital infusion will accelerate Ummeed's mission to provide low-cost, long-tenure housing loans to underserved low- and middle-income groups across India.

The funds will be primarily deployed as mortgage-backed loans that focus on empowering borrowers, especially women, by promoting property ownership and enhancing financial inclusion. The investment is aligned with global initiatives supporting women's economic empowerment, classified as a 2x impact investment by BII.

Ashutosh Sharma, Founder and Managing Director of Ummeed, emphasized that this facility will enable the company to extend affordable housing finance to many more low-income families, improving their quality of life. “This support from BII complements the government’s vision of ‘Housing for All’ and ensures that finance reaches those most in need,” he noted.

Currently, Ummeed has served over 33,000 customers and manages assets exceeding Rs 2,400 crore. The company aims to deepen its outreach with this capital, expanding its role in India's affordable housing sector.

Driving Financial Inclusion and Women Empowerment

The Rs 250 crore funding round is especially crucial for promoting inclusive growth, with a dedicated focus on enabling up to 3,000 women borrowers through mortgage-backed loans. This model supports co-ownership and financial resilience among women, thereby addressing critical social empowerment challenges.

Shilpa Kumar, Managing Director and Head of India at British International Investment, highlighted BII’s commitment to increasing affordable housing access and women's financial empowerment in India. “Our partnership with Ummeed will help more women build financial resilience aligned with government initiatives,” she stated.

Expanding Affordable Housing Finance in India

Since its inception, Ummeed has established itself as a trusted provider catering predominantly to Tier 2 and Tier 3 cities. The new funding is expected to expand the company’s mortgage-backed loan portfolio and branch network, driving affordable housing finance deeper into underserved markets.

• Rs 250 crore funding from BII
• Focus on low-cost long-tenure loans
• Empowerment of women borrowers
• Over 33,000 customers served
• Assets under management exceed Rs 2,400 crore
• Supports Government of India's Housing for All initiative