IIFL Home Finance promotes affordable green homes
20 Jun 2018
Housing finance company IIFL Home Finance Limited has decided to focus on providing mass-produced affordable homes with the benefits of energy-efficient green architecture.
It has created Kutumb, a platform to promote benefits of green architecture in the affordable housing segment in India, in partnership with National Housing Bank, Green Business Certification Inc, CDC UK, and Ashok B Lall Architects, to promote sustainable and energy- efficient real estate development in the country.
According to Monu Ratra, CEO, IIFL Home Finance Limited, “Affordable housing is a major component of mission ‘Housing for All by 2022’. A significant portion of Indian population will live in these homes, yet this sector is devoid of the benefits of incorporating green and sustainable development."
Ratra says it is a myth that green architecture costs more and does not blend with the idea of affordable housing.
"Through Kutumb, we want to create a platform where individuals and organisations can pool their knowledge and resources towards creating a sustainable future and greener society, which aligns with the vision of Pradhan Mantri Awas Yojana – Housing for All by 2022.”