Sustainable Housing – The Big Shift

Sustainable housing ensures that the aspirations of socially conscious buyers to own a responsibly constructed project are met while promising them a comfortable and affordable home.

Sustainable housing, by design has a minimal impact on the environment. It is designed to be climate-resilient and efforts are made while constructing it to minimize its negative impacts on the environment.

A solid government backing along with the right policy push is helping build a strong outlook for the Sustainable Housing sector in India. Going ahead, the increasing investor focus towards the sector and expanding Green Mortgages and Green Construction Loans from Commercial Banks and HFC’s to the developers, is expected to provide sufficient liquidity cushion for development of Green Housing in India

Benefits of Green Housing

Sustainable Consumption

Reduction in energy and water consumption

Improving Living Standards

Improved thermal comfort, health, hygiene and better sanitation for its occupants

Energy Savings

Better ventilation and light in the dwelling units

Reducing Pollution

Fuel savings while people travel to their workplaces

Green Affordable Housing Rating

Green certifications provide a structured guideline for project teams to design, construct, and operate green buildings. The emphasis is placed on the achievement of specific benchmarks through adoption of no-cost or low cost strategies and technologies1 . Therefore, this approach is selectively undertaken to adopt green measures that are simple and yet have profound impacts in conserving the environment. Green certifications for buildings have proven to result in the development of climate resilient, affordable building structures1 as well.

Over the past year, 10 Affordable Housing projects catering to the Economically Weaker Sections (EWS) and Low-Income Group (LIG) have been pre-certified under the Indian Green Building Council (IGBC)’s Green Affordable Housing Rating, launched in 2017.

(Source: Indian Green Building Council)

1 Ramkumar, S. (2020). Why Green Ratings for Buildings Matter? [online] The Energy Resources Institute.pxpx Available at: Why Green Ratings for Buildings Matter?

States Promoting Green Construction in India

State Governments are offering additional Floor Area Ratio (FAR) ranging from 5% to 15% for the IGBC’s silver, gold and platinum-rated projects to boost green housing.

We have over 23 Pre-certified Affordable Housing projects across multiple cities under Indian Green Building Council (IGBC)’s Green Affordable Housing Rating

  • Pre-certified Affordable Housing Projects under IGBC Green Affordable Housing and Green Homes Rating

This map is a generalised illustration only, for the reader's ease to understand the locations and is not intended to be used for reference purposes. The representation of political boundaries and the names of geographical features/states do not necessarily reflect the actual position. The Company or any of its directors, officers or employees cannot be held responsible for any misuse or misinterpretation of any information or design thereof. The Company does not warrant or represent any kind in connection to its accuracy or completeness.

Our Contribution to Sustainable Housing in India

We provide customized Projects Loans to reputed developers to construct affordable housing projects. This is in line with our philosophy of prioritizing environmentally and socially-responsible initiatives backed with Green Certification. Our tie ups with several developers enable us to extend credit to property buyers under the retail home loan category


A Green Building Initiative

‘Kutumb’ is a knowledge ecosystem, conceptualized to promote Green Affordable Housing in India, engaging with developers, architects, rating agencies, DFIs and FIs for better understanding of green design, rating and financing options available.

IIFL Home Finance organised six regional ‘Kutumb’ webinars in the states





Green Value Partner (GVP)

A Process from Conception to Certification

To bridge the gap and uncertainty among developers, pertaining to the cost implications of green building certification process, we have curated in-house technical expertise which supports in providing assistance on green building methodologies and certification processes to developers.


Certified Project


Pre-certified Projects



The above numbers are as on 31st March 2022

Awas Par Samwad (APS)

Helping Build a Green Affordable Housing Ecosystem

Under the Ministry of Housing and Urban Affairs’ (MoHUA) project ‘Awas Par Samvad’, IIFL Home Finance hosted a series of webinars. The webinars were conducted with the goal of establishing a sustainable and green affordable housing ecosystem in India. Design students, academics and architects, green building engineers and consultants, sustainability specialists, and urban practitioners, attended these.


APS webinars conducted



SUNREF Regional Promotion Event

The SUNREF Green Housing India initiative was started in August 2017 by NHB in collaboration with the Agence Française de Développement (AFD) with assistance from the European Union (EU). This initiative aims to make green housing more accessible to Economically Weaker Sections (EWS) and Low-Income Group (LIG) by promoting green housing and demonstrating its commercial potential and relevance in India.


Participants at the SUNREF promotional events

IIFL HFL participated in ‘Opportunities and Challenges in Financing Green Affordable Housing in India’ webinar at the SUNREF India Regional Promotional Events, held in Bengaluru, Chennai and Kolkata organized by AFD, NHB and CRISIL Limited.