+
IIFL Home Finance obtains $100 million loan from IFC
ECONOMY & POLICY

IIFL Home Finance obtains $100 million loan from IFC

IIFL Home Finance (IIFL HFL) had obtained a debt-funding of up to $ 100 million from the International Finance Corporation (IFC). The objective of this debt-funding is to assist IIFL HFL in augmenting home finance provisions for economically weaker sections (EWS) and low-income groups (LIG), which also includes women borrowers.

It was stated that the requirement for affordable housing is projected to be around 38 million units by 2030, out of which EWS and LIG make up more than 96%.

As per the conditions of the loan agreement, half of the funding has been designated to promote housing finance specifically for women borrowers, while the remaining portion is allocated to finance environmentally-friendly housing for buyers belonging to this underserved category.

However, specific details regarding the loan, such as its duration and interest rate, were not disclosed in the statement. According to estimations made by IFC, the share of green buildings in the country's residential buildings market is a mere 6%, even though it presents a substantial $ 1.25 trillion opportunity between the present time and 2030.

As part of the partnership arrangement, IFC has planned to offer a performance-based incentive through the UK-IFC Market Accelerator for Green Construction Programme. This incentive aims to accelerate the execution of IIFL HFL's strategy related to green buildings and stimulate the adoption of affordable housing units certified as green.

Monu Ratra, the CEO of IIFL HFL, remarked, "Collectively, our goal is to set a precedent for other housing finance firms and development finance institutions, further advancing this cause."

Through this investment, IFC's objective is to strengthen financial inclusivity by enhancing the accessibility of funds for low-income women borrowers. Additionally, this investment seeks to develop the emerging sector of green housing within the country.

This was conveyed by Allen Forlemu, IFC's Regional Industry Director for Financial Institutions Group, Asia and the Pacific.

IFC maintains its strategic emphasis on affordable and green housing in India. Since 2013, they have invested over $ 2.2 billion in housing finance companies and developers in the country for the purpose of onward lending.

Also read: 
Honer Homes unveils Rs 30 bn mega project, Honer Signatis
Provident Housing launches Rs 20 bn Sustainable Living Project


IIFL Home Finance (IIFL HFL) had obtained a debt-funding of up to $ 100 million from the International Finance Corporation (IFC). The objective of this debt-funding is to assist IIFL HFL in augmenting home finance provisions for economically weaker sections (EWS) and low-income groups (LIG), which also includes women borrowers. It was stated that the requirement for affordable housing is projected to be around 38 million units by 2030, out of which EWS and LIG make up more than 96%. As per the conditions of the loan agreement, half of the funding has been designated to promote housing finance specifically for women borrowers, while the remaining portion is allocated to finance environmentally-friendly housing for buyers belonging to this underserved category. However, specific details regarding the loan, such as its duration and interest rate, were not disclosed in the statement. According to estimations made by IFC, the share of green buildings in the country's residential buildings market is a mere 6%, even though it presents a substantial $ 1.25 trillion opportunity between the present time and 2030. As part of the partnership arrangement, IFC has planned to offer a performance-based incentive through the UK-IFC Market Accelerator for Green Construction Programme. This incentive aims to accelerate the execution of IIFL HFL's strategy related to green buildings and stimulate the adoption of affordable housing units certified as green. Monu Ratra, the CEO of IIFL HFL, remarked, Collectively, our goal is to set a precedent for other housing finance firms and development finance institutions, further advancing this cause. Through this investment, IFC's objective is to strengthen financial inclusivity by enhancing the accessibility of funds for low-income women borrowers. Additionally, this investment seeks to develop the emerging sector of green housing within the country. This was conveyed by Allen Forlemu, IFC's Regional Industry Director for Financial Institutions Group, Asia and the Pacific. IFC maintains its strategic emphasis on affordable and green housing in India. Since 2013, they have invested over $ 2.2 billion in housing finance companies and developers in the country for the purpose of onward lending. Also read:  Honer Homes unveils Rs 30 bn mega project, Honer SignatisProvident Housing launches Rs 20 bn Sustainable Living Project

Next Story
Products

Nature Lit

Oorjaa has unveiled Spira, a sculptural pendant light handcrafted from wild Lantana and banana fibre paper. Merging fluid design with sustainability, Spira offers a warm, meditative glow—perfect for conscious homes and hospitality spaces seeking soulful elegance.Contact: OorjaWebsite: www.oorjaa.in ..

Next Story
Products

Clean Anywhere

Hindware’s Portable Bidet offers effortless hygiene with dual spray modes, 180° adjustable nozzle, smart timer, and waterproof design. Compact and travel-ready, it’s ideal for travellers, new mothers, and post-surgical care—bringing comfort and cleanliness on the go. Contact: Hindware Website: https://hindware.com/..

Next Story
Products

Sustainable Elegance

Stone Art presents a unique collection of petrified wood washbasins, crafted from fossilised wood transformed over millions of years. Each basin is a one-of-a-kind piece, retaining the natural grain, texture, and strength of ancient trees turned to stone. Ideal for luxury interiors, boutique hotels, and wellness spaces, these sculptural basins blend raw geology with refined function. Contact: Stone Art Website: www.stoneart.asia..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?