IIFL Home Finance Ltd. (IIFL HFL) has launched the 12th Chapter of their flagship event ‘Kutumb’ to raise awareness about Green Affordable Housing for the Economically Weaker Section (EWS) and Low-Income Group (LIG) in Karnataka.
To promote and propagate green affordable housing and spread awareness about building climate resilient housing, that also saves cost and energy, in Karnataka.
Over 7,300+ households benefitted, as on August 25th, 2022, with a total loan disbursement of over Rs 1,600 cr in the state of Karnataka, in line with government’s mission of ‘Housing for All’.
Over 1,300 households benefitted with Credit Linked Subsidy (under PMAY-U) of over Rs 29 cr.
Karnataka: 13th October 2022: India’s fastest growing digital first home finance company, organised the 12th chapter of Kutumb themed ‘Rebuilding Green and Affordable Karnataka’ in Bengaluru and Mysuru. It’s 6th Kutumb in association with the Asian Development Bank (ADB). The objective is to promote green, affordable, future-ready, and sustainable housing in India and to engage with developers, architects, rating agencies, and local influencers to establish a better understanding of green design, rating, and financial options available. This is the second chapter of Kutumb in Bangalore in past three years.
The event took place in Bengaluru and Mysuru on October 13th, 2022. The speakers present at the event were Ashok B. Lall (Principal, Ashok B. Lall Architects New Delhi), Kranth Namala, (Zonal Sales Head, South Region, IIFL Home Finance Ltd.), Chitra Vishwanath (Architect and Managing Director, BIOME Environment Solutions), Saumadip Dey (Senior Investment Officer, Asian Development Bank) and Somashekar MG (Chairman & MD, PG Setty Group).
This event was focused on spreading awareness among the developer community about affordable green housing and educating them to have better grasp of the green design, rating, and financing options available. The event was organised by IIFL HFL to address and reduce persistent problems in Karnataka, such as the drastic natural calamities across the state. The need for the adoption of green and affordable housing; and the trend observed for the first time EWS and LIG home buyers owing to the large-scale migration.
Speaking at the event, Kranth Namala, (Zonal Sales Head, South Region, IIFL Home Finance Ltd.), said, “With Kutumb, we want to create an impact in housing finance industry that leads to awareness about green and affordable housing. We had developers from the state of Karnataka, architects working on green sustainable options for housing construction projects and spokesperson from ADB all at one platform. IIFL HFL has always focussed on aligning itself with government’s mission of ‘Housing for All’ while being thought leaders in sustainable housing. We hope to continue bring about this positive change in our sector.”
While IIFL Home Finance, focusses on providing affordable home loan, they also offer IIFL Shakthi Loan which is a small ticket size Loan Against Property for small business owners such as, small grocery store owners, salon owners, vegetables vendors, small traders and agricultural ancillary owners. To enable the MSME sector, IIFL Shakthi is secured business loan to boost the ‘Make in India’ initiative. IIFL HFL has been supporting the MSME sector with over 40,000 loans.
The event was also live streamed on YouTube and later available as recording on the same platform. Click here for the event link: https://youtu.be/SMB3j7DWaPI
To know more about Kutumb, https://www.iiflhomeloans.com/kutumb
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About IIFL HFL
IIFL Home Finance Limited (IIFL HFL) is a subsidiary of IIFL Finance Limited. It is one of India’s leading housing finance companies and is a preferred choice for affordable home loan requirements. As of 31st March 2022, the AUM stood at Rs 23,617 crore of which home loan is 74% of the total with an average ticket size of Rs 16 lakh. The Return on Assets (ROA) for the period is at 3.5%. Through affordable home loans, IIFL HFL makes people’s aspirations of owning a home a reality, while emphasizing on supporting green buildings and projects that help society achieve inclusive sustainable development. The objective is to fulfil economic upliftment for EWS/LIG segments of the country. The company has adopted an asset light model by getting into co-lending arrangements that further helps to penetrate and expand in deeper markets of India. To facilitate a seamless customer experience, the entire life cycle of housing loans is technology driven i.e., from origination to closure. The state-of-the-art IT infrastructure helps in reducing costs, real-time analysis of customer data, improving control and underwriting functions, while increasing customer reach and distribution capability.