Latest news with #PradhanMantriAwasYojanaUrban
The Hindu
12-07-2025
- 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
12-07-2025
- 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
12-07-2025
- 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.
