To handle the pace of urbanization, India needs c.25million of housing stock in the cities by 2030 [Source: Housing Finance Industry in India, Assocham, 2022]. The requirement is much higher in semi-urban and rural areas as the housing stock is largely non-compliant with minimum standards. Pace of construction is half of what is needed, and skewed towards urban centers. India needs innovation and scale in affordable housing finance to achieve housing for all. SFIF’s focus in this relatively low margin and liability challenged segment is on pivot to scale with operational stability.
