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HinduBusinessLine

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ADB and Vastu Housing Finance Corporation have entered into a senior secured loan agreement of up to $70 million

  • ADB and Vastu Housing Finance Corporation have entered into a senior secured loan agreement of up to $70 million.
  • The partnership aims to address the housing shortage in India and promote environmentally friendly and sustainable housing for lower-income households.
  • The Reserve Bank of India reports a shortfall of 45 million houses for economically weaker communities and 50 million for low-income groups, emphasizing the need for affordable housing finance companies.
  • Vastu, a technology-driven affordable housing finance company, focuses on self-employed customers in rural and semi-urban areas, offering affordable housing loans and loans against property with a focus on sustainability and financial inclusion.

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