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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
3 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
4 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
4 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.
Time of India
6 days ago
- Business
- Time of India
IIFL Home Finance gets funding from Asian Infrastructure Investment Bank
Abu Dhabi Investment Authority ( ADIA )-backed IIFL Home Finance has raised a $100 million loan from Asian Infrastructure Investment Bank ( AIIB ) for on-lending to India's economically weaker segments and to builders of low-cost apartments. This is the first funding by AIIB to the mortgage lender, IIFL Home Finance chief executive Monu Ratra told ET. "The ECB from AIIB is unique in the sense that we can fund developers who are building affordable homes. This will address the dearth of affordable homes in locations where demand continues to be robust. Apart from this we can use these funds for retail affordable home loans," Ratra said. The loan is raised for five years with an all-inclusive cost of 8.58% a year. There is a 1.5 years of moratorium on principal payments and thereafter six monthly equal principal repayment for 3.5 years. The funding will promote green building practices aligned with India's climate goals, AIIB said. 'This investment reflects AIIB's commitment to inclusive and sustainable infrastructure," said Gregory Liu, director general of AIIB's financial institutions and funds clients department. 'By partnering with IIFLHF, AIIB is helping to advance India's green building agenda while bridging the housing gap for low-income families in India,' he said in a note published in the company's website. AIIB began operations in 2016, now has 110 full and approved members worldwide, and is capitalized at $100 billion. AIIB collaborates with partners to mobilize capital and invest in infrastructure and other productive sectors that foster sustainable economic development and enhance regional connectivity. This is the second ECB raised by IIFL Home Finance this fiscal. The mortgage lender has around Rs 40000 crore assets under management. Affordable housing loans contribute about two-third of the AUM. IIFL Home Finance is 79.59% owned by IIFL Finance while the balance 20.41% is held by ADIA. With a network of 376 branches across 18 states, it focuses on underserved and emerging geographies, including the suburbs of tier 1 cities and tier 2 to tier 4 towns.
