IIFL Home Finance Ltd. concluded it’s fifth instalment of KUTUMB

Continuing with its ongoing mission of encouraging and facilitating the Green Affordable Housing in India, IIFL Home Finance Ltd (IIFL HFL) organized the 5thChapter of KUTUMB – An Initiative Towards Green Affordable Housing at Hyderabad on December 12, 2019. The theme for this chapter of Kutumb was Sustainable Today, Begins Tomorrow.

In the event held at N Convention, Madhapur, IIFL Home Finance succeeded to educate over 100 developers and about over 150 total participants about the benefits associated with green construction in the affordable housing segment in India. The panel of speakers included V Suresh (Chairman, IGBC), Ashok B Lall (Principal, Ashok B Lall Architects), Neha Kumar (India Programme Manager – Climate Bonds Initiative), Mr Chaitanya Rayapudi (Chairman & MD), Supra Builders and Monu Ratra (CEO & ED, IIFL Home Finance Ltd.).

The event started with a digital plantation of over 150 trees, which resonates with the theme ‘Sustainable Tomorrow, Begins Today!’. Speaking at the event, Monu Ratra said “Affordable Housing means how you are going to be able to give reach of finance to people, technology & innovation is our answer. Our Jhatpat Home Loan, a tablet-based model, helps deliver this in under 1 hr. We have identified 10 of the 17 Sustainable Development Goals, as defined by the United Nations, and are working for & towards them. Everyone must identify these goals for their organization”. 

This was followed by sessions from leading industry experts sharing their views on green and sustainable living techniques. Ashok B Lall, a pioneer in sustainable architecture, says, “In a four-storey building if you plant solar energy on the rooftop, it is sufficient to meet the energy demand for the entire building. Middle-level developer in a growing city is the biggest housing provider and their role is most significant. They make homes in bulk. We can do the ultimate good of green living because there is an opportunity of collective green. ”

This was followed by Mr V Suresh speaking on the subject, stating “we have enabled 700 crores Sq ft of green building. By 75th independence year of India, we will have enabled 100 crores Sq ft green building.”.

Ms Neha Kumar spoke about various elements responsible for such immense climate change globally. She addressed the audience and said, “Climate change is not just an environmental problem but an economic problem too.”

The event concluded with a live discussion with Founder & MD of Supra Developers, Mr Chaitanya who said “At Supra, our concept of living is ‘Uninterrupted Lifestyle.’ Thus, all our projects offer off-grid solutions to the end-consumer. We don’t do regular projects, we only do green buildings. We don’t do conventional projects at all. We have started doing solar-powered projects.”

IIFL HFL presented itself as a ‘Green Value Partner’, partnering with the developers from Conception to Certification of the Green Building Project. The company has established 8 such certified GVPs so far.

IIFL Home Loan opens first ‘Sammaan LAP’ branch at Laxmi Nagar, Delhi

Leading housing finance company, IIFL Home Finance Ltd. is looking to set new benchmarks in the country with its latest branch in New Delhi.

The new branch located at Laxmi Nagar will promote ‘Sammaan- Loan Against Property’, a specialized product by the company that allows customers to fund their financial requirements. This branch will cater to customers who are looking for a loan to fund requirements of starting a new business, meet long team working capital needs or simply fund education or marriage of children.

Branch Opening.jpeg

‘Sammaan LAP’ allows customers to convert their moveable and immovable property into cash as per their financial requirements. The branch will offer loans of up to Rs.10 crores with a maximum tenure of up to 15 years. Customers can avail loans at flexible repayment options with minimum documentation and up to 65%(55%) of the market value of residential (commercial) property.

Speaking at the occasion, Mr. Vikas Kapoor, Regional Sales Manager, IIFL Home Finance Ltd. said, “With our latest branch in Laxmi Nagar, IIFL Home Loans has spread its presence to more than 100 branches across India. We want to take this as an opportunity to support customers who want to start their own small-scale business or fund education of children or small self-help groups planning to spread their business.  This branch will also provide balance transfer of loan against property along with an additional top-up”

The branch was inaugurated by Mr. Monu Ratra, CEO, IIFL Home Finance Ltd. amid the presence of other dignitaries and a large number of public.  IIFL Home Finance Ltd. received ‘Best Performing PLI under EWS/LIG – Second’ from Ministry of Housing and Urban Affairs, Govt. Of India at Transforming Urban Landscape event held in July this year.