Latest news with #IIFLHFL
India Gazette
3 days ago
- Business
- India Gazette
IIFL Home Finance gets USD100 million financing from AIIB
New Delhi [India], July 13 (ANI): IIFL Home Finance Limited (IIFL HFL), a leading housing finance company focussed on the affordable housing segment, has secured a USD 100 million (in equivalent Indian rupee) financing from the Asian Infrastructure Investment Bank (AIIB), it said in a statement. IIFL Home Finance said the AIIB funding will significantly enhance access to affordable housing finance for economically weaker sections and lower income groups (EWS/LIG), while also promoting the adoption of green building standards across the housing sector. With this finance facility, IIFL HFL will strengthen its ability to serve both the demand and supply sides of India's affordable housing ecosystem. On the demand side, IIFL HFL will extend home loans to families, primarily from EWS and LIG segments, to purchase or construct their own homes in urban and semi-urban locations. On the supply side, the company will finance affordable housing developers, with a focused thrust on projects that integrate green certification standards, helping reduce the environmental footprint and enhance sustainability. Monu Ratra, ED and CEO, IIFL Home Finance, said: 'The funding from AIIB marks a significant step in our journey to expand homeownership opportunities for underserved families across the country. This will also bolster our efforts to develop and finance green affordable housing, making sustainable living more accessible. We are honoured to collaborate with AIIB in delivering inclusive and environmentally conscious housing solutions.' Gregory Liu, Director General of AIIB's Financial Institutions and Funds Clients Department, Global, added: 'This investment reflects AIIB's commitment to inclusive and sustainable infrastructure. By partnering with IIFL HFL, AIIB is helping to advance India's green building agenda while bridging the housing gap for low-income families in India.' AIIB began operations in 2016, now has 110 approved members worldwide, is capitalized at USD 100 billion, and is AAA-rated by major international credit rating agencies. (ANI)
The Hindu
4 days ago
- Business
- The Hindu
IIFL Home Finance gets $100 million from AIIB
IIFL Home Finance, a company focused on the affordable housing segment, on Saturday (July 12, 2025) said it has secured a $100 million (about Rs 858 crore) financing from the Asian Infrastructure Investment Bank (AIIB). The partnership aims to significantly enhance access to affordable housing finance for economically weaker sections and lower income groups (EWS/LIG), while also promoting the adoption of green building standards across the housing sector, the company said in a release. On the demand side, IIFL Home Finance Ltd (IIFL HFL) will extend home loans to families, primarily from EWS and LIG segments, to purchase or construct their own homes in urban and semi-urban locations. On the supply side, the release said the company will finance affordable housing developers, with a focused thrust on projects that integrate green certification standards, helping reduce the environmental footprint and enhance sustainability. "This collaboration reinforces the company's mission to provide accessible, responsible, and climate conscious housing finance," it said. The proceeds from AIIB will also support IIFL HFL's green housing portfolio, furthering its commitment to sustainable urban development aligned with India's climate goals. "The funding from AIIB marks a significant step in our journey to expand homeownership opportunities for underserved families across the country," Monu Ratra, ED and CEO, IIFL HFL said. Gregory Liu, Director General of AIIB's Financial Institutions and Funds Clients Department, Global said that by partnering with IIFL HFL, AIIB is helping advance India's green building agenda while bridging the housing gap for low-income families in India. The investment comes at a pivotal time, aligning with the ongoing implementation of Pradhan Mantri Awas Yojana Urban (PMAY-U 2.0), which seeks to address urban housing shortages across India, the release said. Operating through a wide network of 376 branches across 18 states, IIFL HFL focuses on underserved and emerging geographies, including the suburbs of Tier 1 cities and Tier 2 to Tier 4 towns.
Time of India
5 days ago
- Business
- Time of India
Affordable housing finance: IIFL gets $100 million from AIIB; green homes, PMAY goals in focus
IIFL Home Finance has secured $100 million (approximately Rs 858 crore) in financing from the Asian Infrastructure Investment Bank (AIIB) to expand access to affordable housing loans and promote green building standards, the company said in a release on Saturday. The funds will be used to support home loans for families from economically weaker sections (EWS) and lower income groups (LIG), primarily in urban and semi-urban areas, PTI reported. In parallel, the company will also finance developers of affordable housing projects that incorporate green certification, aiming to lower environmental impact and boost sustainability. 'This collaboration reinforces the company's mission to provide accessible, responsible, and climate-conscious housing finance,' IIFL Home Finance Ltd (IIFL HFL) said in a statement. The funding will further bolster IIFL HFL's green housing portfolio and support India's broader climate commitments. Monu Ratra, ED and CEO, IIFL HFL, said the investment 'marks a significant step in our journey to expand homeownership opportunities for underserved families across the country.' Gregory Liu, Director General of AIIB's Financial Institutions and Funds Clients Department, said the partnership aligns with India's green building agenda and aims to bridge the housing gap for low-income families. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo 'By partnering with IIFL HFL, AIIB is helping advance India's green building agenda,' Liu said. The investment aligns with the rollout of Pradhan Mantri Awas Yojana Urban (PMAY-U 2.0), the government's flagship housing programme to address urban housing shortages. IIFL HFL operates across 18 states with a network of 376 branches, focusing on under-served and emerging geographies — including Tier 2 to Tier 4 towns and suburbs of Tier 1 cities. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
5 days ago
- Business
- Time of India
IIFL Home Finance gets $100 million from AIIB
IIFL Home Finance, a company focused on the affordable housing segment, on Saturday said it has secured a USD 100 million (about Rs 858 crore) financing from the Asian Infrastructure Investment Bank ( AIIB ). The partnership aims to significantly enhance access to affordable housing finance for economically weaker sections and lower income groups (EWS/LIG), while also promoting the adoption of green building standards across the housing sector, the company said in a release. On the demand side, IIFL Home Finance Ltd (IIFL HFL) will extend home loans to families, primarily from EWS and LIG segments, to purchase or construct their own homes in urban and semi-urban locations. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo On the supply side, the release said the company will finance affordable housing developers, with a focused thrust on projects that integrate green certification standards, helping reduce the environmental footprint and enhance sustainability. "This collaboration reinforces the company's mission to provide accessible, responsible, and climate conscious housing finance," it said. Live Events The proceeds from AIIB will also support IIFL HFL's green housing portfolio, furthering its commitment to sustainable urban development aligned with India's climate goals. "The funding from AIIB marks a significant step in our journey to expand homeownership opportunities for underserved families across the country," Monu Ratra, ED and CEO, IIFL HFL said. Gregory Liu, Director General of AIIB's Financial Institutions and Funds Clients Department, Global said that by partnering with IIFL HFL, AIIB is helping advance India's green building agenda while bridging the housing gap for low-income families in India. The investment comes at a pivotal time, aligning with the ongoing implementation of Pradhan Mantri Awas Yojana Urban (PMAY-U 2.0), which seeks to address urban housing shortages across India, the release said. Operating through a wide network of 376 branches across 18 states, IIFL HFL focuses on underserved and emerging geographies, including the suburbs of Tier 1 cities and Tier 2 to Tier 4 towns.
The Wire
7 days ago
- Business
- The Wire
IIFL Home Finance Celebrates Green Homeowners in Bhuj
The Company Promotes Sustainable Living Through 'Humara Kutumb' Initiative BHUJ, India, July 9, 2025 /PRNewswire/ -- In a heartfelt celebration of people building better homes and a better planet, IIFL Home Finance Ltd. (IIFL HFL) hosted a special Green Certification felicitation Ceremony in Bhuj under its Humara Kutumb initiative. The event honoured more than 50 local homeowners whose self-built homes have received green certification, recognising their commitment to sustainability and climate-resilient living through IIFL Home Finance. Representatives from IIFL Home Finance, local contractors, developers, and aspiring homeowners from Bhuj and neighbouring areas also joined the event which was planned to promote the green and sustainable housing withing the area. As part of the day's activities, the delegation visited a few of the certified homes, offering a closer look at how simple design choices can create homes that are not only affordable but also energy-efficient and environmentally friendly. Dr. Lokesh Goyal, Head – Collateral Risk at IIFL Home Finance, shared his thoughts at the event: "At IIFL Home Finance, we believe sustainable living should be within reach for everyone. Our green home practices and the Humara Kutumb initiative are making it possible for families to build homes that are not just affordable, but also future-ready and energy efficient. Seeing these homeowners in Bhuj take charge of their environmental impact is truly inspiring. This is the kind of change we need – and want to support – across India." Humara Kutumb is IIFL HFL's flagship social initiative focused on enabling affordable and sustainable housing for underserved communities tapping mainly the EWS and LIG audience. Through this program, homeowners receive support in getting their homes certified green using globally recognised standards like EDGE HPC (Home Prescriptive Certification). The homes are constructed to use less energy and water, incorporate sustainable materials, and offer better indoor comfort. In addition to supporting certifications, the initiative also trains local masons and contractors in eco-friendly construction techniques – helping build a skilled ecosystem that can take green housing to more corners of the country. Active in states like Gujarat, Madhya Pradesh, Chhattisgarh, Andhra Pradesh, Karnataka, and Tamil Nadu, Humara Kutumb has already helped hundreds of families reduce their utility costs and environmental footprint while improving their quality of life. The Bhuj ceremony was more than just an award function – it was a reminder that sustainable housing is not a distant dream. It's happening now, in communities like Bhuj, with the right support and partnerships. Through initiatives like Humara Kutumb, IIFL Home Finance continues to help families turn that dream into reality – one green home at a time. About IIFL Home Finance: IIFL Home Finance Limited is a technology-driven, India's leading retail-focused housing finance company dedicated to supporting first-time homebuyers from the Economically Weaker Sections (EWS) and Low-Income Groups (LIG) in India. As of March 2025, the company has served over 4.54 lakh customers since inception, including 2.97 lakh first-time home buyers, 1.59 lakh customers from the informal sector, and 2.64 lakh women homeowners, reflecting its strong commitment to financial inclusion and empowerment. Operating through a wide network of 376 branches across 18 states, IIFL Home Finance focuses on underserved and emerging geographies, including the suburbs of Tier 1 cities and Tier 2 to Tier 4 towns, with residential property serving as collateral. The company offers a comprehensive product portfolio that includes: • Housing Loans: For purchase of ready-built homes, under-construction properties, self-construction, home improvement, and land purchase for residential construction • Secured Business Loans: For working capital needs, business expansion, or purchase of commercial property • Affordable Housing Project Loans: For reputed developers to support construction of affordable housing projects With a strong focus on digital transformation, the company leverages technology to deliver faster loan approvals, seamless customer experiences, and robust risk management. As of March 2025, IIFL Home Finance has achieved a solid financial foundation with an Assets Under Management (AUM) of ₹39,732 Cr. and a Profit After Tax (PAT) of ₹977 crore. Through responsible lending practices and alignment with India's 'Housing for All' mission, IIFL Home Finance continues to be a leading enabler of sustainable and inclusive growth in the affordable housing finance space. For more information, please contact – Ishan Uppal - IIFL Home Finance, Delhi NCR | 91- 9899759975 Photo: (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).
