IIFL Home Finance Secures $100 Million from AIIB for Affordable and Green Housing
IIFL Home Finance has secured a $100 million loan from the Asian Infrastructure Investment Bank (AIIB) to support affordable and green housing for economically weaker sections and low-income groups in India.
Affordable HousingGreen HousingIifl Home FinanceAiibSustainable DevelopmentReal Estate NewsJul 12, 2025
Under this partnership, IIFL Home Finance will also take steps to promote green building practices. In a press release, the lender said: “With this facility, IIFL HFL will strengthen its ability to serve both the demand and supply sides of India’s affordable housing ecosystem.”
IIFL Home Finance noted that the funds will be used to offer home loans to EWS and LIG families for buying or building homes in urban and semi-urban areas. It will also finance affordable housing developers, focusing on projects with green certifications to promote sustainability in the infrastructure sector.
“This collaboration reinforces the company’s mission to provide accessible, responsible, and climate-conscious housing finance. The proceeds from the AIIB will also support IIFL HFL’s green housing portfolio, furthering its commitment to sustainable urban development aligned with India’s climate goals,” the lender said.
According to IIFL Home Finance’s MD and CEO Monu Ratra, this initiative will make “sustainable living more accessible.” “We are honoured to collaborate with AIIB in delivering inclusive and environmentally conscious housing solutions,” he noted.
Gregory Liu of AIIB said the partnership aligns with the bank’s commitment to inclusive and sustainable infrastructure. “By partnering with IIFLHFL, AIIB is helping to advance India’s green building agenda while bridging the housing gap for low-income families in India,” Liu, who is the Director General of AIIB’s Financial Institutions and Funds Clients Department, Global, added.
The investment also aligns with Pradhan Mantri Awas Yojana - Urban (PMAY-U 2.0) scheme, which seeks to address India’s urban housing shortages. Moreover, it supports India’s Nationally Determined Contributions (NDCs) under the Paris Agreement by promoting climate-resilient, sustainable, and affordable housing infrastructure across the country, IIFL Home Finance said.
Frequently Asked Questions
What is the purpose of the $100 million loan from AIIB to IIFL Home Finance?
The $100 million loan from AIIB to IIFL Home Finance is intended to support affordable housing for economically weaker sections (EWS) and low-income groups (LIG) across India, as well as to promote green building practices.
How will IIFL Home Finance use the funds?
IIFL Home Finance will use the funds to offer home loans to EWS and LIG families for buying or building homes in urban and semi-urban areas, and to finance affordable housing developers, focusing on projects with green certifications.
What is the significance of this partnership for sustainable urban development?
This partnership reinforces IIFL Home Finance’s mission to provide accessible, responsible, and climate-conscious housing finance, aligning with India’s climate goals and promoting sustainable urban development.
How does this initiative support the Pradhan Mantri Awas Yojana - Urban (PMAY-U 2.0) scheme?
The initiative supports the PMAY-U 2.0 scheme by addressing India’s urban housing shortages and promoting climate-resilient, sustainable, and affordable housing infrastructure across the country.
What role does AIIB play in this partnership?
AIIB’s role in this partnership is to support inclusive and sustainable infrastructure by advancing India’s green building agenda and bridging the housing gap for low-income families in India.
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