Asian Development Bank (ADB) and IIFL Home Finance (IIFL HFL) organised ‘Kutumb’ in Delhi discussing scope around green affordable housing in India. They launched ‘Kutumb’ with an event titled ‘Green Affordable Housing Ecosystem’ in Delhi.
The event focused on insights based on promotion and propagation of green affordable housing in India, the perspective opportunity of making green affordable housing accessible to all.
In February 2022, IIFL HFL signed a $68 million loan with ADB to improve financial access of affordable green housing for economically weaker section and lower- income groups in India.
To accelerate initiatives that improve access to green affordable housing for meeting the targets of Sustainable Development Goals 2030, it is important to actively pursue issues related to climate resilience, sustainability-orientated thinking and the achievement of gender-balance as fundamental approaches to development. Additionally, there is a need to address market constraints around a lack of awareness around green home.
Present at the event were Kuldip Narayan (IAS, joint secretary & mission director PMAY(U); Takeo Konishii (country director, ADB, India Resident Mission); Monu Ratra (ED & CEO, IIFL Home Finance); Rahul Bhave (executive director, National Housing Bank); Susan Olsen (unit head, private sector, fnancial institutions division, unit for South Asia, ADB); Saurabh Diddi (director, Bureau of Energy Efficiency); Rajan Rawal (senior advisor, Centre for Advanced Research in Building Science and Energy (CARBSE) |CRDF, Professor, CEPT University); Ar Ashok B Lall (principal architect, AB Lal Architects); and Sean Kidney (CEO, Climate Bonds Initiative) who joined the event virtually.
Kutumb endeavours to promote green, sustainable, future-ready and affordable housing by actively collaborating and consulting with developers, architects and rating agencies. The programme focuses on mainstreaming green and affordable housing in India.
Moreover, the policies need to focus on affordability of green housing and construction of green buildings.
