IIFL Home Finance (IIFL HFL), a leading housing finance company, has signed an agreement with the Asian Development Bank (ADB) for Technical Assistance (TA) to support and foster the green building ecosystem in the affordable housing sector in India. This is ADBs first such private sector agreement in the country.
The cost of the aligned activities to be exercised under this TA agreement is approximately $1 million, enabling activities addressinIIFL Finance unveils Digital Gold Loang some of the key identified obstacles for building the ecosystem for green-certified and affordable housing in India.
As a part of the partnership, IIFL HFL will contribute an additional amount of up to $150,000, for supporting the above mentioned activities and objectives as described in the TA agreement.
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Monu Ratra, ED & CEO – IIFL Home Finance Limited, said, “We look forward to this association with the Asian Development Bank and intend to work towards our common and established goal of sustainable ecosystem, sparking a green affordable housing movement in the country. This initiative will integrate green lending and climate adaptation strategies in the context of affordable housing in India.”
IIFL HFL, through selected independent special consultants and with their Green Value Partners (certified Green Architects), will coordinate, support, direct and monitor the activities under the TA programme through its expertise and knowledge so as to achieve the desired outcome as envisaged.