IIFL Home Finance Limited signs agreement with Asian Development Bank
Agreement for Technical Assistance of $1 million for supporting the green building ecosystem in the affordable housing sector in India
cityairnews
Aug 11, 2021 02:20
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New Delhi: IIFL Home Finance (IIFL HFL), one of India’s leading housing finance company, has signed an agreement with the Asian Development Bank (ADB) for Technical Assistance (TA) to support and foster the green building ecosystem in the affordable housing sector in India. This is ADBs first such private sector agreement in the country.
Thee cost of the activities to be exercised under this TA agreement is approximately $1 million, enabling activities addressing some of the key identified obstacles for building the ecosystem for green certified and affordable housing in India. IIFL HFL shall also contribute an additional amount of up to $150,000, for supporting the above mentioned activities and objectives as described in the TA agreement.
Speaking on the association, Mr. Monu Ratra, ED & CEO - IIFL Home Finance Limited, said, “We look forward to this association with the Asian Development Bank and intend to work towards our common and established goal of sustainable ecosystem, sparking a green affordable housing movement in the country. This initiative will integrate green lending and climate adaptation strategies in the context of affordable housing in India.”
