By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: British International Investment (BII) boosts affordable housing in India
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > World News > British International Investment (BII) boosts affordable housing in India
World News

British International Investment (BII) boosts affordable housing in India

By admin 3 Min Read
Share
SHARE

Contents
BII backs expansion into underserved housing marketsFinancial growth and track recordIndia’s affordable housing finance boom

Pune city, India. Credit: avhad raj, Shutterstock.

Altum Credo Home Finance, a Pune-based affordable housing lender, has secured ₹170 crore (around €18.7 million) in equity funding from British International Investment (BII), the UK’s development finance institution and impact investor.

The announcement was made on August 25, 2025, with both firms highlighting the deal’s role in expanding credit access for low-income households in India.

BII backs expansion into underserved housing markets

Founded in 2016, Altum Credo provides long-tenure home loans mainly to first-time, low-income buyers with informal or semi-formal incomes. The fresh capital will be used to expand operations across southern and western India, improve technology and IT infrastructure, and support home construction and essential services like sanitation and electricity.

“We greatly value the continued support and confidence shown by British International Investment through this fresh equity infusion,” said Vikrant Bhagwat, Managing Director and CEO of Altum Credo, as reported by Business Standard. “This investment further strengthens our balance sheet for a long-term sustainable impactful growth journey and our commitment to cater meaningfully to the large unmet demand for affordable housing finance in India.”

Shilpa Kumar, Managing Director and Head of India at BII, said: “We are continuing our investment with Altum as it aligns with BII’s commitment to inclusive growth by expanding access to affordable housing finance for communities across India. Through this partnership, Altum is enabling low-income households, especially women, to access safer, more secure homes and essential services.”

Financial growth and track record

Altum Credo has served more than 15,000 customers across six Indian states. In the financial year ending March 2024, the company reported a 67 per cent increase in operating revenue, while net profit more than doubled, according to Entrepreneur.

The company has raised close to $80 million (€73.5 million) in total funding so far, including a $40 million (€36.7 million) round in April 2023 led by Z3Partners and Oikocredit.

India’s affordable housing finance boom

Altum Credo’s latest funding arrives at a time of rising investor interest in the sector. Another recent deal involved Weaver Services raising $170 million (€156 million).

With BII doubling down on its investment, India’s affordable housing sector seems set for explosive growth.

View all finance news.

View all property and investment news.


You Might Also Like

Gen Z’s latest trend has blindsided everyone, including fashion magazines – Catholicism

Live – EU leaders kick can down the road on €140bn reparation loan for Ukraine

EU fails to back frozen Russian cash loan – but vows to support Ukraine

Trump completely demolishes the historic East Wing of the White House

Two Russian military aircraft enter NATO member Lithuania’s airspace, military says

TAGGED: Finance, UK News, World News
Share This Article
Facebook Twitter Copy Link
Previous Article New Service Aims to Take the Headache Out of Ordering Broadband For Home Buyers
Next Article 11 Luxury Train Trips to Book Right Now
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

Analyst Who Called The Gold Surge To ATH And The S&P Rally Has Turned To Bitcoin – Here’s What He Said
Crypto
Secure AI at Scale and Speed — Learn the Framework in this Free Webinar
Tech News
Gen Z’s latest trend has blindsided everyone, including fashion magazines – Catholicism
World News
SEAI publishes Mid-Year Review on Energy and Emission Data for 2025
Tech News
Live – EU leaders kick can down the road on €140bn reparation loan for Ukraine
World News
EU fails to back frozen Russian cash loan – but vows to support Ukraine
World News
Denver CEO sues following ban from Colorado Golf Club, claims it cost business deal
Business

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Analyst Who Called The Gold Surge To ATH And The S&P Rally Has Turned To Bitcoin – Here’s What He Said

Investing £5 a day could help me build a second income of £329 a month!

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Analyst Who Called The Gold Surge To ATH And The S&P Rally Has Turned To Bitcoin – Here’s What He Said
October 24, 2025
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?