Fasttrack Housing Finance

Fasttrack Housing Finance Limited has been conceptualized with the objective of making finance available to individuals who wish to own a house. We want to contribute to the Indian economy by bringing no income and low-income profiles in the mainstream of society by helping them, to build their own dreams…. Their own House. We want to commit ourselves to the common economic goal of financial inclusion. It has been observed that a significant percentage of people in India struggle to build their own shelter and finance remains one of the big hurdles. They find it difficult to avail housing finance from nationalized or private banks and NBFC's due to income issues where records of incomes are not maintained; and property-related issues like Sale of property without the consent of legal hairs, in some cases proper records of the property are not maintained and also entire legal process for the transfer of property is not followed like probated will not obtain, succession certificate from magistrate not obtained, etc.; which becomes an obstruction in availing Finance. In such a situation, these small business profiles having no or low-income fall prey to local financers or money lenders who lend them at exorbitant rates. Not all such cases are problematic. We, at Fasttrack Housing Finance Limited, are committed to making finance options available where despite good income, finance is not available due to the non-availability of income proof and property issues. With core values such as Transparency, Integrity, high business ethics, the entrepreneurial approach we intend to become India's best Housing Finance Company. Fasttrack Housing Finance Limited is promoted by Mr. Sudhir Valia. He is a Chartered Accountant by qualification and is on the board of Sun Pharmaceutical Industries Limited. He is having expertise in buying out sick units and turning them profitable. He also has a vast experience in the Real Estate industry, having participated in numerous housing projects in Mumbai. We got our license in August 2015 and we actually commenced operations from January 2016. We initially piloted at three locations till July 2016 and since then we started spreading our wings. As on date we are present at 12 locations in the state of Maharashtra and Gujarat and have a customer base of in excess of 300 customers. We intend to serve more than 2000 customers in the coming year from more than 20 locations.