Chennai’s Unico Housing Finance Secures ₹120 Crore Funding

Quick Summary

• Chennai-based Unico Housing Finance Private Limited raised ₹120 crore (approximately $13 million) from Anicut Capital and UC Impower to fund growth plans and expand its reach in underserved markets.
• Unico’s net worth now exceeds ₹210 crore, strengthening its capital base for sustainable growth in the affordable housing finance sector.
• The company offers various loan products like home construction loans, home purchase loans, home advancement loans, and loans against property with an average ticket size of ₹13-15 lakh.
• Targeting self-employed individuals and underserved middle-income households,Unico focuses on first-time buyers in Tier 2 and Tier 3 cities.
• Launched operations in December 2023; currently operates 86 branches across seven states with assets under management (AUM) of ₹500 crore achieved within just 18 months.
• India’s affordable housing finance market is projected to exceed $100 billion over the next decade due to urbanization, regulatory factors, and growing demand.

Indian Opinion Analysis

The recent funding round signals strong investor confidence in india’s fast-expanding affordable housing segment. With significant capital infusion from two major firms-Anicut Capital and UC Impower-Unico Housing Finance is poised to further strengthen its presence among underserved demographics.By scaling quickly within Tier 2/3 regions nationwide while maintaining a focus on affordability for lower-income families, the company’s rapid growth trajectory represents an opportunity aligned with broader government priorities around “Housing for All.”

Key trends driving this sector include increasing urbanization alongside policy incentives that favor affordable lending institutions. However, serving previously excluded populations necessitates sharp risk management practices-a challenge that will determine long-term sustainability as competition grows among innovative lenders advancing financial inclusion goals.

Read More: Published – September 13, 2025