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$344,613.00 (Project budget includes all project-funded activities)
Last Updated Date
May 21, 2026
Project Estimated Start Date
Jul 2, 2023
Project Estimated End Date
Dec 31, 2024
Client Legal Name
IIFL HOME FINANCE LTD
Project Description
The project aims to guide and support IIFL Home Finance 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 IIFL 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 participants in workshops, training events, seminars, conferences, etc.
40
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
1
Number of workshops, training events, seminars, conferences, etc.
3
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
null
Number of reports (assessments, surveys, manuals, Phase I/strategic option reports, research, analytical, evaluations, etc.) completed
null
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
The scope of the AS activities relates to E&S requirements as provided in the Performance Standards (PS1 and PS3 in particular) as the EDGE certification promoted by IFC and conducted by IFC licensees (with quality assurance from IFC) is geared towards energy efficiency and GHG emissions reductions. There is therefore a risk that the AS activities are not consistent with the PS. There is also a risk that
the client engaged with have E&S risk management practices that do not meet the requirements of the PS, thereby constituting a risk.
IFC advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team, through advice from CEGs E&S specialists will assist the EDGE providers in gaining a good understanding of IFC's Performance Standards.
Press-Release
Additional Documents
Similar Projects
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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