Affordable housing financier Aadhar Housing Finance is aiming to nearly double its assets under management (AUM) to ₹50,000 crore by FY29, banking on sustained demand from tier II and tier III cities and government-backed housing schemes.

The company crossed the ₹30,000 crore AUM milestone in the March 2026 quarter, while maintaining stable asset quality and profitability, with management expressing confidence in achieving 20-22% annual growth over the next three years, according to a report by CNBCTV18.com.

Managing Director and CEO Rishi Anand said this after the company reported its January-March 2026 quarter results.

He said the company remains on track to achieve its medium-term targets. “Even if I put a guidance number of 20-22% AUM growth, three years hence, we should be a ₹50,000 crore company,” he said.

Aadhar Housing said home loans will continue to account for around 70% of its loan book, while loan against property (LAP) products will make up the remaining 30%, in line with the Reserve Bank of India (RBI) regulations.

Anand said growth is expected to come mainly from smaller cities and government-backed affordable housing initiatives. “We clearly see a lot of traction happening in tier II, tier III cities,” he said, referring to schemes under the Pradhan Mantri Awas Yojana (PMAY).

The company had earlier calibrated growth in its LAP segment because of stress concerns, but Anand said the portfolio has remained stable and could return to stronger growth from the second quarter onwards.

“We have not seen any stress coming in,” he said, adding that bounce rates, which the company uses as an early warning indicator, have remained stable over the last six quarters.

On the impact of geopolitical tensions in West Asia, Anand said the company has seen no stress because its customer base is focused on low-income domestic borrowers rather than NRI customers.

The company also expects margins to remain stable, helped by higher-yielding self-employed and LAP segments. Anand said Aadhar Housing aims to maintain net interest margins (NIMs) above 8.5%.

As part of its expansion strategy, the lender plans to add 30 to 50 branches annually, focusing on emerging locations. The company currently operates through 626 branches across 22 states and more than 550 districts.