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IFC lends $250 million to HDFC Ltd to boost green housing finance

Green housing is regarded as a luxury market in the country, but has climate benefits. IFC said its partnership with HDFC would help change perceptions about the market.

affordable Housing, budget homes, real estate, residential property

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IFC said its partnership with HDFC would help change perceptions about the market. At least 25 per cent of the funding is for green affordable housing.

BS Reporter Mumbai

2 min read Last Updated : Jul 26 2021 | 12:15 AM IST

HDFC Ltd has got a loan of $250 million from International Finance Corporation (IFC), the investment arm of the World Bank Group, to be used by India’s largest housing finance company for green housing.

Green housing is regarded as a luxury market in the country, but has climate benefits. IFC said its partnership with HDFC would help change perceptions about the market. At least 25 per cent of the funding is for green affordable housing.

“IFC’s $250 million loan to HDFC Ltd will support its moves to grow its affordable housing and emerging green affordable housing portfolio by improving access

Topics : HDFC IFC World Bank housing

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