Company Performance Metrics
- Rajesh Krishnan: Managing Director and CEOPast Role: Standard Chartered Bank, Regional Head (South Asia), Structured Solutions Group
India is home to 78 million homeless people. The country needs over 5 million affordable homes each year, whereas supply is less than 10% of this demand. Affordable housing in India is a local game and over 90% of the supply today comes from ‘Local Developers’ across the country. Growth of these developers has been hampered due to lack of funding
and professional management.
Brick Eagle was founded in 2011 with a vision to provide market-based solution for the housing poverty in India. The group strives to bridge the funding gap and empowers Local Developers across the country. Besides providing capital to developers, they also offer them a management tool kit on corporate governance, financial discipline and Industry best practices. They realize that Developers need support across the value chain in order to deliver housing in scale. Hence they are incubating an ecosystem of entrepreneurs providing various services right from product design to township management.
They understand that with great opportunities come great responsibilities. Our commitment to sustainability is one amongst it and hence, They pioneered the concept of ‘Affordable Green’;. Our goal is to reduce carbon footprint of our developments by using locally available materials and adopting green construction technologies. Once demonstrated, they hope this model can become a prototype for affordable housing development across the country.
