Under this partnership, IIFL Home Finance will also take steps to promote green building practices. In a press release, the lender said: “With this facility, IIFL HFL will strengthen its ability to serve both the demand and supply sides of India’s affordable housing ecosystem.”
IIFL Home Finance noted that the funds will be used to offer home loans to EWS and LIG families for buying or building homes in urban and semi-urban areas. It will also finance affordable housing developers, focusing on projects with green certifications to promote sustainability in the infrastructure sector.
“This collaboration reinforces the company’s mission to provide accessible, responsible, and climate-conscious housing finance. The proceeds from the AIIB will also support IIFL HFL’s green housing portfolio, furthering its commitment to sustainable urban development aligned with India’s climate goals,” the lender said.
According to IIFL Home Finance’s MD and CEO Monu Ratra, this initiative will make “sustainable living more accessible.” “We are honoured to collaborate with AIIB in delivering inclusive and environmentally conscious housing solutions,” he noted.
Gregory Liu of AIIB said the partnership aligns with the bank’s commitment to inclusive and sustainable infrastructure. “By partnering with IIFLHFL, AIIB is helping to advance India’s green building agenda while bridging the housing gap for low-income families in India,” Liu, who is the Director General of AIIB’s Financial Institutions and Funds Clients Department, Global, added.
The investment also aligns with Pradhan Mantri Awas Yojana – Urban (PMAY-U 2.0) scheme, which seeks to address India’s urban housing shortages.
Moreover, it supports India’s Nationally Determined Contributions (NDCs) under the Paris Agreement by promoting climate-resilient, sustainable and affordable housing infrastructure across the country, IIFL Home Finance said.
(Edited by : Sudarsanan Mani)
First Published: Jul 12, 2025 9:01 PM IST
