IIFL Home Finance Ltd. presents ‘KUTUMB - Chapter III’ in Pune

IIFL home finance continues its endeavor being the change agent towards encouraging Green Affordable Housing. The company announced that in its mission it is joined by Asian Development Bank (ADB), German Agency for International Cooperation (GIZ), Climate Bond Initiative along with already existing

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Published - Feb 11, 2019 7:22 AM

IIFL home finance continues its endeavor being the change agent towards encouraging Green Affordable Housing. The company announced that in its mission it is joined by Asian Development Bank (ADB), German Agency for International Cooperation (GIZ), Climate Bond Initiative along with already existing partners International Finance Corporation ( IFC), Green Building Council of India (GBCI), CDC - a UK sovereign fund and National Housing Bank for our Kutumb - III at Pune. Kutumb is the only such platform in the country where at one place developers can have 360-degree view of Green Affordable Housing from concept to finance to execution. As our mission is to extend “Housing for All” towards “Green Housing for All”. With a mission to stimulate awareness and need towards affordable housing and sustainable living in India, IIFL Home Finance Ltd. organized ‘KUTUMB - Chapter III’ in Pune, Maharashtra. The theme for ‘KUTUMB’ this time was ‘Monetizing Green Affordable Housing’ and promoting ‘Green Building for Sustainable Living’. With the grand successes of Chapter-I & II in Ahmedabad and Indore respectively, IIFL HFL has earned the distinction as a pioneer in generating awareness about green affordable housing and sustainable living in the country. The company has managed to educate and enable more than 100+ developers about the benefits associated with developing green homes in the affordable housing segment in India. Renowned speakers in their areas of expertise came together at Sheraton Grand, Pune where Chapter-III of the mega event took place with a focus on the need, efforts, and initiatives to promote sustainable and energy efficient real estate development in the country. Part of the esteemed panel of speakers at the event included Susan Olsen (ADB), Shruti Narayan (IFC), Ashok B. Lall (Principal, Ashok B Lall Architects), P. Gopalakrishnan (GBCI), S. VikasRanjan (GIZ), DnyaneshwarSitaramMolak (Joint Municipal Commissioner, Local Body Tax, PMC), Sandeep Bhattacharya (Climate Bonds Initiatives), MonuRatra (CEO, IIFL HFL) and Himanshu Arora (IIFL HFL). Leading real estate developers supporting affordable housing units in the area were also present at the occasion. These included names such as Vilas Javdekar Developers, VTP Realty, Rama Group, Gagan Properties and Avior Corp. Speaking at the occasion, Mr.MonuRatra, CEO, IIFL Home Finance Ltd. said “We have taken upon ourselves this task of promoting Green Affordable housing which is nonexistent by not only being financial but knowledge partner as well. Post this chapter-III, we would be doing another 4 such events covering south India as well. We continue to be an active participant for 'Housing for All' as well through CLSS. We are further encouraged to see the keen interest shown by institutions like ADB, GIZ, Climate Initiatives along with IFC, CDC, NHB & Ashok B Lall who has been our technical mentor. We would be taking this further by having Kutumb Green partners who would walk the developers right from start to final execution” The event started with MonuRatra, CEO, IIFL HFL talking through the journey of KUTUMB. This was followed by a panel discussion on ‘Monetizing Green Affordable Housing’ with industry experts sharing their views on the topic. Part of the panel discussion was Susan Olsen (ADB) who shared opportunities that green affordable housing holds from the Indian perspective. Shruti Narayan (IFC) shed light on ‘EDGE value proposition of green affordable housing' while Sandeep Bhattacharya (Climate Bonds Initiative) emphasized the need and benefits of green finance in India. Another panel discussion scheduled later in the day focused on ‘Green Building for Sustainable Living’. Moderating the panel was Ashok B Lall, a pioneer in sustainable architecture who emphasized the need and importance of having green buildings for sustainable living. Sharing their expert views as part of this panel was P. Gopalakrishnan (GBCI), who enlightened the developers on getting LEED certification for buildings. Vikas S Ranjan (GIZ) shared his views of the efforts and need for sustainable energy usage keeping in mind the scarcity of resources. Also part of the panel was DnyaneshwarSitaramMolak, Joint Municipal Commissioner, Local Body Tax, Pune Municipal Corporation who focused on the importance of government bodies in supporting green affordable housing initiatives in the country. The event concluded with Mr.Himanshu Arora (IIFL HFL) sharing the potential that green sustainable buildings hold in terms of India’s real estate segment. Looking to the future, he suggested that it is more important than ever to instill positive awareness of the environment and key principles, among major stakeholders to ensure an overall sustainable living.

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