Aadhar Housing Finance – making home loans accessible to all
Owning a house is a dream that every Indian grows up with. However, while there are various options for people in the middle and higher income groups to avail loans and fulfil this dream, it is the low income group that has been always been in the periphery. However, one key player realised this difference and established a lending service that is focused on this low-income group – Aadhar Housing Finance. A subsidiary of Wadhawan Global Capital(WGC), Aadhar Housing FinanceNSE 0.51 % has been empowering the low-income group in India to get a home of their own,under the leadership of their MD & CEO, Deo Shankar Tripathi.
From being a banker for more than 3 decades to leading Aadhar Housing Finance, Mr. Tripathi has come a long way. In an exclusive interview with ET, he spoke about his vision for the future of housing development, the need for home loans and much more.
Tripathi shared his views on the Prime Minister’s housing scheme, dedicated to make affordable homes available for every India. Owning a house was seen as a luxury that not many could afford. However, the Pradhan Mantri Awas Yojana scheme, aims at providing affordable housing for all by 2022. Tripathi applauds this effort by the current Government and speaks about how it would benefit the economy.
Aadhar Housing Finance, a subsidiary of WGC, has facilitated home loans to more than 100,000 families, making sure that homes are more accessible to people in the low-income group. Their focus on the target audience has been evident from their average lending amount, which has been around Rs 8 lakhs, according to Mr. Tripathi.