IIFL Home Finance secures a $100 million financing from the Asian Infrastructure Investment Bank to enhance affordable housing finance for economically weaker sections and lower income groups while promoting green building standards.
The collaboration includes extending home loans to families from EWS and LIG segments for purchasing or constructing homes in urban and semi-urban areas.
IIFL Home Finance will also finance affordable housing developers focusing on projects integrating green certification standards to reduce environmental impact and increase sustainability.
The funding from AIIB supports IIFL HFL's green housing portfolio and aligns with India's sustainable urban development goals, particularly under the Pradhan Mantri Awas Yojana Urban initiative.