IIFL Home Finance Ltd creates platform to promote green affordable homes

KUTUMB is an extension of social and environmental initiatives taken by IIFL Home Finance Limited— such as affordable housing loans, Swachh Bharat and Women Education and Empowerment

By Accommodation Times Bureau

One of India’s largest HFCs, IIFL Home Finance Limited recently created ‘KUTUMB’, a platform to promote benefits of green architecture in the affordable housing segment in India. The platform is created in partnership with National Housing Bank (NHB), Green Business Certification Inc. (GBCI), CDC UK, and Ashok B Lall Architects. The aim of KUTUMB is to promote sustainable and energy efficient real estate development in the country.

Monu Ratra, CEO, IIFL Home Finance Limited said “Affordable housing is a major component of mission ‘Housing for All by 2022’. A significant portion of Indian population will live in these homes, yet this sector is devoid of the benefits of incorporating green and sustainable development. It is a myth that green architecture costs more and does not blend with the idea of affordable housing. Through KUTUMB, we want to create a platform where individuals and organizations can pool their knowledge and resources towards creating a sustainable future and greener society which aligns with the vision of Pradhan Mantri Awas Yojana – Housing for All by 2022”

P. Gopalakrishnan (MD, GBCI) shared the importance of green buildings for everyone within this generation and also stated that Surat will become the 1st ‘LEED for Cities’ in India.

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