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'Proposed to raise affordable housing limit to ₹50 lakh in metros in Budget'
Business Standard
|July 17, 2024
Amid the growing opportunities in the affordable housing segment, RISHI ANAND, managing director (MD) and chief executive officer (CEO) of Aadhar Housing Finance, tells Harsh Kumar in New Delhi that the housing finance company aims to disburse ₹8,500 crore in financial year 2024-25. Edited excerpts:
What is your target for FY25 in the affordable housing segment?
For FY25, we are aiming to disburse ₹8,500 crore for the affordable housing segment compared to ₹7,200 crore last financial year.To go deeper into the affordable segment, we are planning to enhance our reach in Rajasthan, Uttar Pradesh, Andhra Pradesh, Telangana and Maharashtra. Currently, our total assets under management (AUM) is ₹21,000 crore, with 71 per cent in the affordable segment.
Are you planning to enter corporate or developer financing?
No, we don't have any exposure to the corporate or developer side. Our average ticket size is only ₹10 lakh, and we are not looking at those sectors. We do not intend to enter the segment.
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