IIFL HFL launched 12th Chapter of their flagship event ‘Kutumb’ to raise awareness about Green Affordable Housing for EWS and LIG in Karnataka

Bangalore, October 13, 2022: India’s fastest growing digital first home finance company, organised the 12th chapter of Kutumb themed ‘Rebuilding Green and Affordable Karnataka’ in Bengaluru and Mysuru. It’s 6th Kutumb in association with the Asian Development Bank (ADB). The objective is to promote green, affordable, future-ready, and sustainable housing in India and to engage with developers, architects, rating agencies, and local influencers to establish a better understanding of green design, rating, and financial options available. This is the second chapter of Kutumb in Bangalore in past three years.

•         To promote and propagate green affordable housing and spread awareness about building climate resilient housing, that also saves cost and energy, in Karnataka.
•         Over 7,300+ households benefitted, as on August 25th, 2022, with a total loan disbursement of over Rs 1,600 cr in the state of Karnataka, in line with government’s mission of ‘Housing for All’.
•         Over 1,300 households benefitted with Credit Linked Subsidy (under PMAY-U) of over Rs 29 cr.

The event took place in Bengaluru and Mysuru on October 13th, 2022. The speakers present at the event were Ashok B. Lall (Principal, Ashok B. Lall Architects New Delhi), Kranth Namala, (Zonal Sales Head, South Region, IIFL Home Finance Ltd.), Chitra Vishwanath (Architect and Managing Director, BIOME Environment Solutions), Saumadip Dey (Senior Investment Officer, Asian Development Bank) and Somashekar MG (Chairman & MD, PG Setty Group).

This event was focused on spreading awareness among the developer community about affordable green housing and educating them to have better grasp of the green design, rating, and financing options available. The event was organised by IIFL HFL to address and reduce persistent problems in Karnataka, such as the drastic natural calamities across the state. The need for the adoption of green and affordable housing; and the trend observed for the first time EWS and LIG home buyers owing to the large-scale migration.

Speaking at the event, Kranth Namala, (Zonal Sales Head, South Region, IIFL Home Finance Ltd.), said, “With Kutumb, we want to create an impact in housing finance industry that leads to awareness about green and affordable housing. We had developers from the state of Karnataka, architects working on green sustainable options for housing construction projects and spokesperson from ADB all at one platform. IIFL HFL has always focussed on aligning itself with government’s mission of ‘Housing for All’ while being thought leaders in sustainable housing. We hope to continue bring about this positive change in our sector.”
While IIFL Home Finance, focusses on providing affordable home loan, they also offer IIFL Shakthi Loan which is a small ticket size Loan Against Property for small business owners such as, small grocery store owners, salon owners, vegetables vendors, small traders and agricultural ancillary owners. To enable the MSME sector, IIFL Shakthi is secured business loan to boost the ‘Make in India’ initiative. IIFL HFL has been supporting the MSME sector with over 40,000 loans.