+
 IIFL HFL inks $68 mn loan with ADB to fund affordable green housing
Real Estate

IIFL HFL inks $68 mn loan with ADB to fund affordable green housing

IIFL Housing Finance Limited (HFL), a digital-first home finance firm, declared that it has inked a $68 million loan with Asian Development Bank (ADB) to enhance financial access to affordable green housing for lower-income groups in India.

The funding includes a direct ADB loan of up to $58 million and a $10 million concessional loan by the Canadian Climate Fund for the Private Sector in Asia (CFPS). From ADB’s loan, 80% will be allocated for lending to women borrowers or co-borrowers, and 20% will be assigned to financing mortgages for green-certified houses. The CFPS loan will help IIFL HFL’s green housing portfolio, especially towards incentivising developers to adopt green certification standards in developing affordable housing, as per the statement.

Monu Ratra, MD & CEO, IIFL HFL, told the media that funding from ADB will support them in boosting the penetration of green affordable housing in deeper markets of India and meet the dreams of many Indian families to own their homes.

By leveraging IIFL HFL’s emphasis on financial inclusion and CPFS’ leadership on climate-resilient housing, ADB can support low-income communities to handle the influence of climate change, as per ADB Director General, Private Sector Operations Suzanne Gaboury. They are pleased to help IIFL in explaining to the construction industry that they can develop both affordable and green-certified housing for low-income households.

In alignment with the Government of India’s commitment towards ‘Housing for All’, IIFL HFL renders affordable house loans to Economically Weaker Section (EWS), Low Income Group (LIG) and Middle Income Group (MIG). Home loans have been disbursed to more than 1,40,000 borrowers as of September 30, 2021.

The loan contract is supplemented by a technical assistance (TA) grant of up to $1 million for helping the green building ecosystem in the affordable housing sector in the nation. It is ADB’s first such private-sector agreement in the nation.

Striving to allow activities addressing some of the major identified obstacles for building the ecosystem for green-certified and affordable housing. IIFL HFL shall even add an amount of up to $1,50,000, for helping the above-mentioned activities and objectives as described in the Tentative agreements (TA).

IIFL HFL said it has already been propagating green affordable housing in India via its platform ‘Kutumb’, which is a green building initiative addressing affordable housing projects concerning problems relating to financing, technical know-how of green construction and certification and Environmental, Social and Governance (ESG) compliance.

Image Source

Also read: IIFL Home to issue up to Rs 1,000 cr of retail bonds on Dec 8

IIFL Housing Finance Limited (HFL), a digital-first home finance firm, declared that it has inked a $68 million loan with Asian Development Bank (ADB) to enhance financial access to affordable green housing for lower-income groups in India. The funding includes a direct ADB loan of up to $58 million and a $10 million concessional loan by the Canadian Climate Fund for the Private Sector in Asia (CFPS). From ADB’s loan, 80% will be allocated for lending to women borrowers or co-borrowers, and 20% will be assigned to financing mortgages for green-certified houses. The CFPS loan will help IIFL HFL’s green housing portfolio, especially towards incentivising developers to adopt green certification standards in developing affordable housing, as per the statement. Monu Ratra, MD & CEO, IIFL HFL, told the media that funding from ADB will support them in boosting the penetration of green affordable housing in deeper markets of India and meet the dreams of many Indian families to own their homes. By leveraging IIFL HFL’s emphasis on financial inclusion and CPFS’ leadership on climate-resilient housing, ADB can support low-income communities to handle the influence of climate change, as per ADB Director General, Private Sector Operations Suzanne Gaboury. They are pleased to help IIFL in explaining to the construction industry that they can develop both affordable and green-certified housing for low-income households. In alignment with the Government of India’s commitment towards ‘Housing for All’, IIFL HFL renders affordable house loans to Economically Weaker Section (EWS), Low Income Group (LIG) and Middle Income Group (MIG). Home loans have been disbursed to more than 1,40,000 borrowers as of September 30, 2021. The loan contract is supplemented by a technical assistance (TA) grant of up to $1 million for helping the green building ecosystem in the affordable housing sector in the nation. It is ADB’s first such private-sector agreement in the nation. Striving to allow activities addressing some of the major identified obstacles for building the ecosystem for green-certified and affordable housing. IIFL HFL shall even add an amount of up to $1,50,000, for helping the above-mentioned activities and objectives as described in the Tentative agreements (TA). IIFL HFL said it has already been propagating green affordable housing in India via its platform ‘Kutumb’, which is a green building initiative addressing affordable housing projects concerning problems relating to financing, technical know-how of green construction and certification and Environmental, Social and Governance (ESG) compliance. Image Source Also read: IIFL Home to issue up to Rs 1,000 cr of retail bonds on Dec 8

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?