ADB And Aavas Financiers Sign US Dollar 108 mn Deal

28 Feb 2026 CW Team

The Asian Development Bank (ADB) and Aavas Financiers have signed a financing agreement for US dollar (USD) 108 mn to support affordable housing and lending to micro, small and medium enterprises (MSMEs). The facility is intended to expand affordable home finance and to increase credit flow to small businesses that supply and serve low income households. The arrangement is framed as part of broader efforts to strengthen housing finance markets and improve access to formal credit.

The financing will enable Aavas Financiers to scale up lending to low income borrowers and to extend tenure and product options tailored to housing needs. The funds are expected to be deployed across urban and semi-urban markets where demand for affordable housing remains significant. Aavas will channel the proceeds through its lending operations while maintaining standards for risk management and consumer protection.

Aavas Financiers is a housing finance company focused on affordable housing and related financial services, and the transaction is expected to bolster its capacity to reach underserved segments. The ADB has prioritised financial inclusion and housing affordability in its regional programme and will provide technical support to promote responsible lending. The partnership aims to foster sustainable credit growth and to mobilise additional financing from local and international investors.

Stakeholders see the deal as timely given persistent housing shortages and the need to formalise credit to small enterprises that form part of housing supply chains. By expanding access to formal finance the transaction is likely to support job creation, housing construction and improved livelihoods among low income groups. Observers expect the initiative to complement government efforts to enhance affordable housing and access to credit.

Infrastructure Urban

10 Apr 2026

Güntner Showcases Cooling Tech at China Expo

Güntner showcased its latest refrigeration and air conditioning innovations at China Refrigeration 2026, highlighting digital intelligence and carbon-neutral solutions.The company presented its aicore™ Controls and IoT platform, designed to optimise energy consumption, enable remote monitoring and enhance lifecycle management of cooling systems. The solution integrates advanced controllers and cloud-based capabilities to improve operational efficiency and reduce energy use.Güntner also demonstrated advancements in heat pump technologies, including its role in projects such as the Ordos Zer..

Superb Realty Ties Up with Praan for AI Air Tech

Superb Realty has partnered with Praan to deploy AI-powered autonomous air infrastructure across over one million sq ft of real estate in Mumbai, marking a significant move towards intelligent indoor environments.The rollout will begin at Superb Altura and expand across upcoming residential and mixed-use developments. The initiative aims to integrate real-time sensing, adaptive purification and AI-led optimisation to improve indoor air quality and occupant experience.Praan’s technology is designed to remove ultrafine particles significantly smaller than conventional systems and eliminate har..

DAAKit Raises $138,000 in Pre-Seed Round

DAAKit has raised $138,000 in a pre-seed funding round led by Inflection Point Ventures to expand its hyperlocal fulfilment network and strengthen technology capabilities.The company plans to use the funds to launch 25 new dark stores across Tier I and Tier II cities, enhance its technology infrastructure, and expand its leadership and operations teams. Currently operational in Delhi, Gurugram, Mumbai, Bengaluru and Kolkata, DAAKit is also piloting expansion into Tier II markets through Lucknow.Built on an asset-light, technology-driven model, the platform enables brands to position inventory ..