Technology-Led Mortgage Fulfilment

Urban Money operates a fully digital platform that integrates API-based KYC, credit score verification, and income validation with banks’ loan origination systems — enabling loan sanction and disbursal in under five minutes.

Its tech stack allows seamless interaction among borrowers, lenders, and advisors, reducing turnaround time and removing paperwork bottlenecks that have traditionally slowed down home loan approvals.

Massive Distribution Network Across India

The company works with over 1.5 lakh channel partners and 95+ banks and NBFCs, positioning itself as one of India’s largest mortgage distribution networks.
Nearly 87% of its business comes from an aggregation model that connects real estate agents, DSAs, and financial advisors with lending institutions.

Urban Money’s gross transaction value (GTV) has surged from $0.2 billion in FY21 to $5.7 billion in FY25, reflecting deep penetration and partner-led scalability.

Consistent Multi-Year Growth

Between FY22 and FY25, Urban Money’s revenue grew at a CAGR of 120%, while its GTV expanded at a CAGR of 102%, underscoring the platform’s strong operational efficiency and market traction in India’s fast-evolving digital mortgage ecosystem.

Bridging the Credit Access Gap

Commenting on the milestone, Amit Prakash Singh, Co-Founder and CBO of Urban Money, said:

“While India’s credit ecosystem has expanded rapidly, access and awareness remain uneven — nearly half of eligible urban adults still don’t use formal credit channels. For many first-time homebuyers, the loan journey remains complex and fragmented. Our aim has been to simplify this process through a transparent, technology-driven platform that connects borrowers, advisors, and lenders on one network.”

He added that the company’s growth demonstrates how digital origination models can bridge the trust and accessibility gap in India’s mortgage sector.

Supported by Square Yards Ecosystem

Backed by Square Yards’ real estate and data ecosystem, Urban Money continues to strengthen its position as a key enabler of digital mortgage access and formal credit inclusion in India.

Its platform now plays a pivotal role in simplifying the home loan journey, especially for first-time buyers seeking transparency and speed in mortgage approval.

Also Read: Tech Transformations in Indian Real Estate: PropTech Set for 9.6% Growth by 2025

The post India’s Largest Mortgage Tech Platform Reports ₹714 Crore Revenue in FY25, Eyes Continued Scale Through API-Driven Loan Origination appeared first on Square Feat India.

The allotted land, an amalgamated 6,019.10 sqm plot (C-44 & C-48) in G-Block, has been leased to NPCI for 80 years. The possession letter was officially handed over during Mumbai Tech Week 2025, an AI-focused event organized by the Maharashtra government.

NPCI Expands Presence in Mumbai’s Financial District

NPCI, which oversees retail payments and settlement systems in India, had requested MMRDA to allocate commercial space in BKC for its expansion. With this approval, the corporation is set to strengthen Mumbai’s position as a fintech and digital payments hub.

NPCI has played a key role in India’s digital payments landscape through platforms like Unified Payments Interface (UPI), RuPay, Immediate Payment Service (IMPS), Aadhaar-enabled Payment System (AePS), and National Electronic Toll Collection (NETC). The new headquarters is expected to support NPCI’s expansion in both domestic and international markets, reinforcing its role in global digital transactions.

Boost to Fintech and IT Sector

MMRDA’s decision is expected to attract fintech startups, technology firms, and investors focusing on digital payments, artificial intelligence, cybersecurity, and blockchain innovations. BKC, already a major financial district, is likely to see increased activity from businesses leveraging NPCI’s digital payments infrastructure.

The headquarters will serve as a collaborative hub for banks, fintech companies, and regulators to develop next-generation payment solutions. The move is expected to generate employment opportunities and foster advancements in real-time payments, cybersecurity, fraud prevention, and AI-driven financial services.

Government’s Vision for Mumbai as a Fintech Hub

The Maharashtra government has been pushing initiatives to position Mumbai as a leading global fintech destination. The allocation of commercial space for NPCI aligns with this vision, ensuring that the city remains at the forefront of financial technology developments.

Eknath Shinde stated that MMRDA has been focused on strengthening Mumbai’s financial and technological ecosystem, and NPCI’s presence in BKC will drive fintech innovation. Metropolitan Commissioner Dr. Sanjay Mukherjee emphasized that the move is part of MMRDA’s broader strategy to support institutions that drive economic growth and digital transformation.

The establishment of NPCI’s global headquarters in Mumbai marks a significant milestone for the country’s fintech sector and is expected to accelerate India’s leadership in digital transactions and financial technology innovation.

SFI Analysis

The allocation of land to NPCI in Bandra Kurla Complex (BKC) marks a strategic push to strengthen Mumbai’s role as a global fintech hub. As India’s leading digital payments entity, NPCI’s expansion will attract fintech startups, technology firms, and institutional investors, fostering innovation in AI-driven financial services, cybersecurity, and blockchain. The move aligns with India’s growing dominance in digital transactions, reinforcing its leadership in global payment solutions. By securing a presence in Mumbai’s financial district, NPCI is well-positioned to drive financial inclusion, enhance transaction security, and develop next-generation payment technologies, ensuring continued growth in India’s digital economy.

Also Read: MMRDA Appoints Contractors for Three Major Creek Bridges in Thane

The post MMRDA Allocates Land to NPCI in BKC for Global Headquarters appeared first on Square Feat India.

The BFSI industry has significantly increased its footprint in India’s overall gross office leasing, with its share rising from an average of approximately 11% during 2017-2019 to between 17% and 18% over the past two years. So far in 2024, the sector has accounted for 16.4% of the total 53.4 million square feet leased across the top seven Indian cities, including Mumbai, Delhi NCR, Kolkata, Bengaluru, Chennai, Hyderabad, and Pune.

Global players are driving much of this growth, accounting for about two-thirds of all office space leased by the BFSI sector in the past six years. Mumbai, dubbed the “financial capital of India,” leads the domestic market with 44% of leasing activity, while Bengaluru captures 30%, highlighting its role as a hub for foreign firms due to its thriving tech ecosystem.

“The BFSI sector is experiencing remarkable growth, creating significant opportunities in the office real estate market,” said Rahul Arora, Head of Office Leasing & Retail Services at JLL India. “With the fintech market projected to grow from $584 billion to approximately $1.5 trillion by 2025, the demand for office spaces is set to rise further.”

Dr. Samantak Das, Chief Economist and Head of Research at JLL, noted that the ongoing digital revolution and government initiatives such as UPI, along with the adoption of technologies like AI and blockchain, are reshaping the sector. He emphasized the need for innovative, technology-enabled workspaces that cater to the evolving requirements of financial institutions.

Looking ahead, the BFSI sector’s robust growth trajectory is expected to continue, driven by advancements in technology, a skilled talent pool, and enhanced infrastructure across major cities. The rising demand for specialized skills in areas such as data science and cybersecurity is anticipated to influence both office location and design choices, while an increased focus on sustainability and ESG goals will further shape the sector’s needs.

Also Read: Paving the Way for a Sustainable Future, One Green Building at a TimeBy Mahesh Prabhu, Chief Executive Officer of Century Real Estate Holdings

The post Real Estate Demand Soars in India’s BFSI Sector, Projected to Break 2023 Leasing Records in 2024 appeared first on Square Feat India.