Aadhar Housing Finance experts 20 percent increase in disbursement 

Blackstone backed Aadhar Housing Finance Limited (AHFL) is expecting over 20% increase in order book and disbursement in home loan for low-income housing as the upcoming budget is likely to give push to housing for all. Rishi Anand, MD and CEO of the company said that it has requested the government to redefine income criteria of economically weaker section (EWS) to Rs 5 lakh and low income group (LIG) to Rs 10 lakh. The company has disbursed Rs 6,000 crore in FY 23 and Rs 7,100 crore in FY 24. Uttar Pradesh is the biggest market for the company contributing almost 15% of the revenue. Areas in metro cities like Delhi and Mumbai also contributing significantly to the revenue. The company is also exploring Northeast and Jammu and Kashmir as a market. AHFL is one of the largest low-income segment focused Housing Finance company with AUM of Rs 16,566 crores as on 31st December 2022, with a geographical reach across 20 states and union territories and a network of 424 branches and offices. Owing to rising cost of construction, the government could also consider, redefining priority sector lending limits from current Rs 35 lakh in a metro location to Rs 50 lakh and Rs 25 lakh in a non-metro to Rs 35 lakh and merging both PMAY Urban and PMAY Rural schemes for CLSS subsidy while keeping the subsidy amount the same.

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