IIFL Home Finance secures $300 million from ADB for affordable housing. The mortgage lender signed its first syndicated external commercial borrowing agreement with the Asian Development Bank as mandated lead arranger contributing $150 million. Additional $150 million comes from parallel loans by Japan's MUFG, Emirates Bank, and Sri Lankan banks. The capital will fund mortgages for low-income borrowers and women in semi-urban areas and lagging states, targeting over 25% allocation for green-certified homes. India faces a 31 million unit housing shortage by 2030, predominantly affecting economically weaker households. Women comprise only 13% of homeowners despite representing significant demand. IIFL Home Finance manages rupees 39,628 crore in assets, positioning itself to address the critical affordable housing gap through this strategic international funding partnership.
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