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IFC lends $250 million to HDFC to promote green affordable housing

IFC lends $250 million to HDFC to promote green affordable housing

International Finance Corporation (IFC) has provided a loan of $250 million ( ₹1,875 crore) to HDFC, India’s largest housing finance company, to promote affordable green housing finance for low and middle income borrowers. IFC, the private sector investment arm of World Bank Group, will support HDFC’s move to grow its green affordable housing portfolio by…

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Housing sector hopes for boost from pent-up demand 2

Housing sector hopes for boost from pent-up demand

The key demand drivers — such as low home loan rates and income tax sops, particularly for affordable housing — that supported the recovery in H2 FY2021, remain in place and will spur recovery again, feel experts. After the second wave of Covid-19 hit residential sales by an estimated 50 per cent in April and…

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