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

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