+
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
Infrastructure Urban

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Next Story
Infrastructure Energy

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

Next Story
Infrastructure Energy

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?