IIFL Home Finance Ltd, India’s leading housing finance companies has inked a Memorandum of Understanding (MoU) with The Indian Green Building Council (IGBC), a part of the industry body, CII, for providing a sustainable green living for affordable housing section in India.
IIFL Home Finance is a known name in green building finance in India and has popularised the concept of “Kutumb” that promotes affordable green housing. Both IIFL Home Finance and IGBC comprehends the scope in the green affordable housing segment as rapid urbanisation and inflating real estate prices has made housing an unaffordable dream.
Keeping the current scenario in mind, the necessity for adequate housing for the low-income groups will definitely escalate. Green concepts and techniques in the affordable housing sector can help in slashing the energy and water usage, improve health and hygiene, provide better sanitation, better ventilation and lighting in the dwellings, and save fuel during transit of people to workplaces and bring down the level of associated pollution.
V Suresh, Chairman, CII-IGBC and Monu Ratra, Chief Executive Officer (CEO), IIFL Home Finance, have recognised the vitality of sustainable development of building infrastructure and townships, and decided to join hands for promotion and implementation of Green Building Concepts and IGBC Green Affordable Housing Rating System.
“We have taken upon ourselves to redefine our business model by spearheading Green Affordable Housing. Kutumb is an extension of our Environment initiative, and the association with IGBC will further enhance this initiative towards building a sustainable future in India. Under ‘Housing for All’, our mission is to extend ‘Green Housing for All,” said Monu Ratra, CEO, IIFL Home Finance.
“This collaboration would strive to meet the sustainability goals of the affordable housing community. Through this platform we strive to stimulate the idea of ‘Green Building for Sustainable Living’ with the vision of sustainable development in India,” he added.
“This MoU will help improve the quality of life for Economically Weaker Sections (EWS) and Lower Income Group (LIG) segments and facilitate organizing workshops, seminars, training, and awareness programs for various stakeholders such as IIFL HFL’s developers, architects, engineers and citizens. IGBC would work with IIFL-HFL to familiarize awareness and outreach on green initiatives,” he said.