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Overview

Business Segment

AAVAS is primarily engaged in the business of providing housing loan to customers belonging to low and middle income segment in semi-urban and rural areas. These are credit worthy customers who may or may not have the income proof documents like IT return, salary slip and hence are financially excluded by other large housing finance companies and banks. AAVAS uses unique appraisal methodology to assess these customers individually. The financing solution need to be appropriated and suitable to them.

AAVAS believes that every customer are unique and so far as his financial needs & feel it is absolutely necessary not to treat them as homogenous group of borrowers but appreciate the individual need of every customer, and offer housing Finance solutions that are appropriate and suitable to them.

 

Our Target Customers

AAVAS is engaged in the business of providing housing loan to customers belonging to low and middle income segment in semi-urban and rural areas. These are the people who are either self-employed, running small businesses like providing transportation facilities in auto rickshaw or other vehicles, running grocery shops, tiffin centers, beauty parlous and other businesses or these customers are carrying out business of agri or animal husbandry products in rural areas or salaried class people who are carrying out small jobs in private or public sector.

All above people have one prime aspiration of owning their own home and thereby creating an adorable environment for their family members to live in.

These are credit worthy customers that lack financial inclusion because of underdeveloped banking facilities or due to lack of documents like IT returns, salary slips, etc. and hence are excluded by other mortgage companies.

AAVAS uses a unique appraisal methodology to assess these customers individually and delivers tailor-made financing solutions.

 

Area of Operations

AAVAS caters the needs of various small families in rural areas, towns, and a city’s peripheral area and other semi-urban areas to meet their life time dream to own their own house.

Presently AAVAS is operating in 8 states namely Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Delhi, Uttar Pradesh, Chattisgarh and Haryana.

Number of Branches

State Number of Branches
Rajasthan 72
Maharashtra 33
MP 24
Gujarat 27
UP 1
Delhi 2
Haryana 3
CHHATTISGARH 3
Total No. of Branches 165

 

Manpower

The Company has a team of dedicated staff members including highly qualified professionals like Chartered Accountants, Company Secretaries, MBAs etc. who have been contributing to the progress and growth of the Company. The manpower requirement of the offices of the Company is assessed and recruitment is conducted accordingly. Personal skills of employees are fine-tuned and knowledge is enhanced by providing them internal and external training, keeping in view the market requirement from time to time.

Products

AAVAS is engaged in 3 types of products mentioned below under its housing finance business:-

  • Finance for Purchase
    The product is designed to purchase individual dwelling units, flats in low cost buildings, detached and semi-detached units, cluster units, and residential units. This is also applicable for properties under construction or ready built property.
  • Finance for Construction
    The product is designed to offer loans for construction on a plot of land, which has been already acquired.
  • Finance for Home Extension
    This product is designed to offer loans to individuals for extension of an existing home unit, which can include construction of additional rooms, floors etc.

AAVAS also launched “Special Urban Low Income Housing Product” and “Specific Women Ownership Product” in line with NHB’s refinance scheme for the Special Urban Housing Refinance Scheme for Low Income Households and Refinance Scheme for Women.

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