IIFL Home Finance’s Collaboration with AIIB
IIFL Home Finance, a company specializing in the affordable housing segment, announced on Saturday that it has successfully secured a $100 million financing from the Asian Infrastructure Investment Bank (AIIB).
Promoting Affordable Housing Finance
The collaboration between IIFL Home Finance and AIIB aims to significantly improve access to affordable housing finance for economically weaker sections and lower income groups. It also seeks to encourage the adoption of green building standards within the housing sector to promote sustainability.
Helping Families and Developers
On the demand side, IIFL Home Finance Ltd plans to provide home loans to families, especially those from economically weaker sections (EWS) and lower-income groups (LIG). These loans will enable them to either purchase or construct their own homes in both urban and semi-urban areas.
On the supply side, the company will offer financing to affordable housing developers, with a particular focus on projects that incorporate green certification standards. By doing so, it aims to reduce the environmental impact of housing projects and enhance their sustainability for the future.
