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Estimated Total Budget Pending (Project budget includes all project-funded activities)
Last Updated Date
May 22, 2026
Project Estimated Start Date
Project Estimated Start Date Pending
Project Estimated End Date
Dec 31, 2024
Project Description
The project aims to guide and support HomeFirst Finance Company Ltd. to offer affordable green housing finance products; and help the firm develop a value proposition for greening self-built housing through a provision of comprehensive suite of advisory services.
Development Results
IFC estimates a total green buildings / housing investment opportunity of USD 1.4 trillion in India from 2018 to 2030, with the residential sector accounting for USD 1.25 trillion (89%) of this opportunity. And while there is a business case for greening developer-led housing, currently there is a lack of benchmarks to address the greening of self-construction housing, which is around 60% of India’s affordable housing market. This project aims to address the financing gap challenges and improve access to affordable green housing for lower-income borrowers in the country, by supporting the client in the formulation and implementation of the strategy and value proposition to develop and scale affordable self-built green housing finance.
Indicator
Cumulative
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
2
Number of participants in workshops, training events, seminars, conferences, etc.
36
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
3
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
2
Number of workshops, training events, seminars, conferences, etc.
5
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
IFC estimates a total green buildings / housing investment opportunity of USD 1.4 trillion in India from 2018 to 2030, with the residential sector accounting for USD 1.25 trillion (89%) of this opportunity. This project aims to address the financing gap challenges and improve access to affordable green housing for lower-income borrowers in the country, by supporting the client in the formulation and pilot of the affordable green housing finance.
IFC will work closely with HomeFirst in implementing the key activities designed under the project and will continually monitor the performance and impact created through the project period. If the client does not implement the project activities as per IFC teams recommendations, and/or if there are significant delays, and/or lack of adequate client support for the project, IFC may discuss the likelihood terminating the engagement with the client.
Press-Release
Additional Documents
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This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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