Solving India’s Housing Crisis: How BASIC Home Loan Is Disrupting Affordable Real Estate | Atul Monga
In this episode of Blitz Business, we sit down with Atul Monga, co-founder of Basic Home Loan, to explore how his startup is revolutionizing access to affordable housing finance in India.
From his journey as an investment banker to building a branchless, tech-driven mortgage platform, Atul shares insights on:
Why most Indians still struggle to get home loans
The unique problems in affordable housing finance
How Basic Home Loan operates with agents and mobile tech
Government policies like PMAY and RERA
His vision to expand to 100+ cities and enter real estate sales
Atul also unpacks why India is not in a real estate bubble (yet) and what first-time homebuyers should watch out for.
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📌 Chapters:
00:00 – Intro
01:30 – Atul’s background: From IIT to banking to fintech
04:00 – The origin story of Basic Home Loan
07:45 – What makes affordable housing tricky in India
13:20 – Their unique business model (no fees, branchless agents)
18:45 – Market size & opportunity in housing finance
24:00 – Govt schemes: PMAY, RERA explained
30:10 – Homebuyer tips & red flags
34:50 – Is India in a real estate bubble?
40:00 – Expansion plans & future roadmap
44:00 – Final thoughts
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