Green Affordable Housing Ecosystem

In February 2022, IIFL HFL signed a USD 68 million loan with ADB to improve financial access of affordable green housing for economically weaker section and lower- income groups in India.

To accelerate initiatives that improve access to green affordable housing for meeting the targets of Sustainable Development Goals 2030, it is important to actively pursue issues related to climate resilience, sustainability-orientated thinking and the achievement of gender-balance as fundamental approaches to development. Additionally, there is a need to address market constraints around a lack of awareness around green home.

Monu Ratra (ED and CEO, IIFL Home Finance Ltd) said, “Programme in collaboration with ADB has shown great progress to gain insights on green affordable housing in India. We are putting together our observations and learnings from the various facets of the programme. The outcome from the activities within the TA are of great relevance, considering the pertinent need of affordable green housing in India. We partnered with ADB and CEPT for the TA programme and are thankful to them for making the entire process a great success. Moreover, the policies need to focus on affordability of green housing and construction of green buildings.”