Introduction & Rationale
Millions of Indian households live on semi-formal or informal tenure and remain locked out of mortgage finance due to title and income documentation gaps. Concurrent reforms—digital land records (DILRMP), a proposed fully online Registration law, and land-tech due diligence create a timely opening to reduce risk, speed up underwriting, and expand inclusion.
Gaps & Key Challenges
Collateral uncertainty: Fragmented/legacy land records and semi-formal documents complicate title verification and enforcement for lenders.
Underwriting thin-file borrowers: Irregular or informal incomes limit credit scoring using traditional proofs.
Guiding Questions
What minimum “documentation stack” should qualify semi-formal tenure for mortgages without raising systemic risk (e.g., verified local records + geo-tagged site report + utility/tax history)?
How are HFCs/NBFCs blending field-based assessments with alt-data/Account Aggregator rails to underwrite informal incomes?
What lender-facing land-tech workflows can cut turnaround time (TAT) for title checks and flag encumbrances/litigation reliably?
From a lender’s perspective, how would the Draft Registration Bill, 2025 (e-registration, Aadhaar verification, wider compulsory registration) reduce fraud and accelerate mortgage creation?
Intended Outcomes
A one-page lender checklist for semi-formal tenure loans (docs, digital checks, risk limits, escalation).
Action points linking DILRMP data access, e-registration, and lender APIs to inclusive housing credit.
About the session speakers
Mr Suraj Shetty
Head, Legal, Aaadhar Housing Finance
Panelist
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Mr Suchindran V G
Managing Director and Chief Executive Officer, Nestavia Home Finance
Panelist
Mr. Suchindran V G is the Managing Director & Chief Executive Officer of Nestavia Home Finance Private Limited with over twenty-four years of experience in financial services and capital markets and more particularly in the inclusive finance industry where he has supported the scaling up of many entities from the start-up stage into well respected entities.
Before co-founding Nestavia, Mr. Suchindran was the CFO at Veritas Finance Private Limited, where he was responsible for functions of Finance and Treasury. He was earlier the CEO of IFMR Investment Adviser Services Private Limited, the fund management and investment advisory arm of IFMR Trust, where he successfully launched the fund platform in the alternative investment fund space. He has previously worked with Equitas Group where he was heading investor relations and business planning at Equitas Holdings Private Limited as well as Treasury, MIS and Risk functions at Equitas Micro Finance Private Limited and Equitas Finance Private Limited before it became a Small Finance Bank. Prior to that, he worked as Vice President – Operations at Variman Capital Market Services, Treasury Analyst at Citibank NA and part of Corporate Treasury team at Cholamandalam Investment & Finance Company Limited.
Post his graduation in Commerce from Ramakrishna Mission Vivekananda College, he completed his professional Diploma in Software Technology & Systems Management from NIIT after topping the Bhavishya Jyothi Scholarship Exam. He has completed three professional courses namely Chartered Accountancy (presently a Fellow member of ICAI), Cost & Management Accountancy (CMA) with an all-India rank in Final examination and Company Secretaryship (presently an Associate member of ICSI) with an all-India rank in Intermediate examination apart from Preeti Puraskar.
Mr Kshitij Batra
Co-Founder & CEO, TEAL
Panelist
Kshitij Batra is the CEO and co-founder of TEAL, a technology startup providing property due diligence for mortgage lenders. He previously served as Additional Private Secretary to the Government of India, and has worked at the World Bank, IDFC Institute, Housing.com, JPAL and NERA Economic Consulting. He holds a Master’s in Public Administration, International Development (MPA/ID) degree from the Kennedy School of Government at Harvard University and a Bachelor's in Economics from Grinnell College.
Mr Manikandan KP
Low-Income Housing Specialist
Moderator
Manikandan KP has over 25 years of experience in housing finance and housing sector - First half in retail housing finance space and the latter half in development consulting related to housing finance/ low-income housing - Currently as an Independent Consultant providing advisory services to the United Nations Environment Programme (UNEP) and the Habitat for Humanity International. In the past consulted for The World Bank, International Finance Corporation, The Asian Development Bank, Ernst & Yong LLP, Deloitte, Ashoka: Innovators for the Public, an International NGO and Indian Housing Federation among others. As part of EY consulted with the national government as housing finance and affordable housing policy specialist in implementing its national housing mission, supported provincial government setup their housing missions - Have served in international consultancies related to housing finance in other countries in South and South-East Asia