Esaar India, an NBFC registered with RBI, would be foraying into micro housing finance sector in a big way. The company has chalked out ambitious plan to make a mark in the huge potential that India's Micro Housing finance sector offers and for this has earmarked a sum of Rs 250 crore.
Company's main objective will be to provide housing finance for lower income households (mostly in the informal sector) in urban India. Further, the company is in the process of raising funds for the venture and is witnessing lot of interest from the investor community. The company will exclusively focus on providing mortgage solutions to the financially excluded and informal income earners in urban India.
Esaar (India) incorporated on 23rd Aug 1951 as a private limited company at Kolkata, was later converted into a public limited company in the year 1995.
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