+
AIIB Backs Green Housing With Rs 830 Million for IIFLHF
ECONOMY & POLICY

AIIB Backs Green Housing With Rs 830 Million for IIFLHF

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. 

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. 

Next Story
Real Estate

Signature Global Eyes Rs 125 Billion Sales in FY26

Realty firm Signature Global remains confident of achieving its Rs 125 billion pre-sales target for FY26, despite reporting a 15 per cent year-on-year decline in sales bookings for the April–June quarter.The Gurugram-based developer, which recorded Rs 102.9 billion in bookings during FY25, was the fifth largest listed real estate company by sales bookings last year.“We are confident of achieving the Rs 125 billion target this fiscal,” said Chairman Pradeep Kumar Aggarwal, citing a robust launch pipeline in Gurugram and strong housing demand among reputed developers.In Q1 FY26, Signature ..

Next Story
Real Estate

Mittal, HoABL to Build Rs 30 Billion Project in Naigaon

Mittal Builders has signed a Joint Development Agreement (JDA) with House of Abhinandan Lodha (HoABL) to co-develop an 11-acre residential and retail project in Naigaon, Mumbai Metropolitan Region (MMR). The development will include 30 lakh sq ft of built-up area comprising over 4,600 apartments and high-street retail. The launch is scheduled for the second quarter of FY26.The project involves an estimated investment of Rs 20 billion and is expected to generate a gross development value (GDV) of over Rs 30 billion in the next three to five years, according to a company statement released on Th..

Next Story
Real Estate

Century to Boost Office Share, Plans Rs 90 Billion GDV Projects

Century Real Estate aims to increase its commercial portfolio share from 30 per cent to 50 per cent over the next five years by developing 7 million square feet of Grade-A office space. Managing Director Ravindra Pai said the expansion aligns with the firm’s strategy to diversify its assets and strengthen its foothold in high-yield commercial real estate.In parallel, Century will launch over 10 residential and plotted development projects in FY26 across North, East, and Central Bengaluru. These projects are expected to generate a gross development value (GDV) exceeding Rs 90 billion over fiv..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?