AIIB Backs Green Housing With Rs 830 Million for IIFLHF

14 Jul 2025 CW Team

The Asian Infrastructure Investment Bank (AIIB) is investing Rs 830 million in IIFL Home Finance Ltd (IIFLHF) to expand affordable housing access for low-income families and promote green building practices in India. This marks AIIB’s first collaboration with IIFLHF and highlights the bank’s growing engagement with Indian non-banking financial companies.

The funding targets economically weaker sections (EWS) and low-income groups (LIG), aligning with India’s climate goals under the Paris Agreement and supporting government schemes such as Pradhan Mantri Awas Yojana – Urban 2.0. It also fits AIIB’s Sustainable Cities Strategy, combining social equity with environmental responsibility.

Gregory Liu, Director General, AIIB Financial Institutions and Funds Clients Department, said the investment underscores AIIB’s commitment to inclusive, sustainable infrastructure and bridging India’s housing deficit while furthering its green building agenda.

Many urban low-income families in India continue to struggle for affordable housing, often living in informal settlements. At the same time, developers face difficulties in securing finance for budget housing due to high land and construction costs.

AIIB’s funding will support both homebuyers and developers. On the demand side, IIFLHF will provide home loans for families to purchase or build houses. On the supply side, it will finance affordable housing projects, enabling wider reach and impact.

Monu Ratra, Executive Director and CEO of IIFLHF, welcomed the investment, stating it will “advance homeownership for EWS and LIG families” and boost green, affordable housing that promotes sustainable and resilient communities.

The partnership sets a precedent for more AIIB collaborations with housing finance institutions aimed at inclusive urban growth and environmental sustainability across India.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..