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$500,826.00 (Project budget includes all project-funded activities)
Last Updated Date
Jun 9, 2025
Project Estimated Start Date
Feb 16, 2024
Project Estimated End Date
Jun 30, 2027
Client Legal Name
VASTU HOUSING FINANCE CORPORATION LIMITED
Project Description
The project aims to guide and support Vastu 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 the total green buildings / housing investment opportunity of US$1.4 trillion in India from 2018 to 2030, with the residential sector accounting for US$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 Vastu 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
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Number of participants in workshops, training events, seminars, conferences, etc.
null
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
null
Number of workshops, training events, seminars, conferences, etc.
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
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team is screening this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, 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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