Sammaan Capital Accelerates Affordable Housing Push with $1 Billion IHC Investment
New Delhi — India’s Sammaan Capital is set to turbocharge its affordable housing expansion after securing a $1 billion investment from Abu Dhabi’s International Holding Company (IHC), marking one of the largest capital infusions into India’s non-banking financial sector this year.
Chief Executive Gagan Banga said the investment will give a major boost to the firm’s mission of driving inclusive financial growth, helping Sammaan reach an ambitious ₹1 trillion ($11.27 billion) in assets under management by FY2027. “Affordable housing has always been our cornerstone, and IHC’s investment gives this vision even greater acceleration,” Banga told Reuters.
The funding will be directed primarily toward expanding Sammaan’s core lending segments, such as home loans and loans against property, while also paving the way for new product lines like gold loans and personal loans for lower- and middle-income customers. This expansion aligns closely with India’s growing demand for affordable housing, supported by strong government initiatives and increasing aspirations for home ownership.
To support this rapid growth, Sammaan is opening about 10 new branches every month, focusing on tier-4 and tier-5 cities and the outer suburbs of metropolitan areas. The company aims to open 60 to 70 new locations over the next nine months, deepening its reach into semi-urban and rural India — areas with significant untapped potential in the housing finance market.
The investment by IHC also reflects Abu Dhabi’s growing confidence in India’s financial ecosystem, as well as the potential of the country’s fast-growing housing finance market. The collaboration brings together IHC’s global expertise and Sammaan’s deep understanding of India’s credit landscape, creating a synergy that promises innovation, expansion, and long-term growth.
Formerly known as Indiabulls Housing Finance, Sammaan Capital underwent a strategic transformation and rebranding in July 2024 after facing industry-wide challenges during the 2018 IL&FS liquidity crisis. The fresh IHC investment now marks a strong revival for the lender, which aims to rejoin India’s top five NBFCs by FY2030.
“With the experience of our management team, the strength of our distribution network, and the firepower that IHC’s capital and technology bring to the table, we are confident of achieving our growth goals,” Banga said.
The renewed focus on affordable housing underscores Sammaan Capital’s commitment to bridging the home ownership gap and enabling financial access for millions of first-time buyers. Analysts view this move as a major confidence boost for India’s NBFC sector, highlighting both international trust and domestic resilience.
As India’s housing demand surges and investor optimism rises, Sammaan Capital’s new phase of growth represents a powerful combination of global investment and local impact — reinforcing the country’s position as one of the world’s most promising markets for inclusive finance.
