Aavas Financiers reaches ₹20,000 Crore in assets

Aavas Financiers has achieved a significant milestone by surpassing ₹20,000 Crores in Assets Under Management (AUM). This marks a major step in the company's effort to provide affordable housing finance to underserved communities in India. The company is using technology to make homeownership accessible for low- and middle-income individuals. Aavas Financiers offers mobile and online platforms to help bridge financial gaps. This innovative approach supports financial inclusion and enhances customer experiences. In the last ten years, Aavas has disbursed ₹33,500 Crores to over 3.62 lakh customers. The company maintains strong growth while ensuring good asset quality and profitability. Their "Aavas 3.0" growth strategy focuses on using technology and data analytics to drive sustainable success. Aavas Financiers has expressed gratitude to its stakeholders, customers, and partners for their support. The company believes that India's young population, increasing incomes, and infrastructure development will boost the housing sector. There is a significant housing shortage in India, with the Reserve Bank of India estimating a need for 100 million homes. Most of this shortage is among lower-income groups. This has led to a rise in demand for affordable housing, especially in smaller cities. Aavas Financiers aims to serve the unbanked population in India, particularly in Tier 3 to Tier 5 markets. The company aspires to become the largest and most trusted affordable housing finance provider in the country. Their goal is to improve financial access for millions of people, contributing to India's development.