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IIFL Home Finance secured $300 million from ADB to boost affordable, sustainable housing for women and marginalized groups in India.
IIFL Home Finance has secured a $300 million loan from the Asian Development Bank, marking its first syndicated external commercial borrowing.
The funding, led by ADB with parallel loans from MUFG, Emirates Bank, Sampath Bank, and Hatton National Bank, will expand affordable housing finance for low-income women and marginalized communities across India.
Over 25% of the proceeds will support green-certified, sustainable housing projects.
The initiative aims to address India’s projected housing deficit of 31 million units by 2030 and increase homeownership, particularly among women, who currently make up only 13% of homeowners.
IIFL Home Finance obtuvo 300 millones de dólares del ADB para impulsar viviendas asequibles y sostenibles para mujeres y grupos marginados en la India.