IIFL Home Finance Ltd. & Indian Green Building Council (IGBC) sign MoU, to promote ‘Green Affordable Housing’ in India

New Delhi, 15^th May 2019: IIFL Home Finance Ltd (IIFL HFL), one of India’s leading housing finance companies has signed a Memorandum of Understanding with leading green certificate agency, The Indian Green Building Council (IGBC), a part of industry body, CII, with a vision to provide sustainable green living for affordable housing segment in India.

IIFL Home Finance Ltd. is a pioneer in green building finance in India and has spearheaded the concept of ‘KUTUMB’ which promotes affordable green housing.  Both IIFL HFL and IGBC understand the need and opportunity in the green affordable housing space as rapid urbanization and rising real estate cost has made housing difficult for the bottom of pyramid.

Given the current scenario, the need for adequate housing for the low-income groups will substantially increase. Green concepts and techniques in the affordable housing sector can help reduction in energy and water consumption, improved health and hygiene, provide better sanitation, better ventilation and lighting in the dwellings, and saves fuel in transit of people to work places & associated pollution.

Mr. Monu Ratra, CEO, IIFL HFL and Mr. V Suresh, Chairman, CII-IGBC, both recognised the significance of sustainable development of building infrastructure and townships, and agreed for collaborative promotion and implementation of Green Building Concepts and IGBC Green Affordable Housing Rating System.

Mr. Monu Ratra, CEO, IIFL Home Finance said, “We have taken upon ourselves to redefine our business model by spearheading Green Affordable Housing. ‘Kutumb’ is an extension of our Environment initiative, and the association with IGBC will further enhance this initiative towards building a sustainable future in India. Under ‘Housing For All’, our mission is to extend ‘Green Housing for All.”

He further said, this collaboration would strive to meet the sustainability goals among the affordable housing community. Through this platform we strive to stimulate the idea of ‘Green Building for Sustainable Living’ with the vision of sustainable development in India. This MoU will help improve the quality of life for Economically Weaker Sections (EWS) and Lower Income Group (LIG) segments and facilitate organizing workshops, seminars, trainings, and awareness programs for various stakeholders such as IIFL HFL’s developers, architects, engineers and citizens. IGBC would work with IIFL-HFL to familiarize awareness and outreach on green initiatives.