Press Note

New Delhi, 23 March 2021: A Memorandum of Understanding was signed between GRIHA Council and the IIFL Home Finance Limited (IIFL HFL) on March 23, 2021 on a virtual platform.

Mr. Monu Ratra, Chief Executive Officer & Executive Director, IIFL HFL and Mr. Sanjay Seth, Chief Executive Officer, GRIHA Council signed the MoU on behalf of both the organizations. Recognizing the significance of sustainable development of building infrastructure, both parties will work towards collaborative promotion and implementation of green building concepts and its evaluation using the Green Rating for Integrated Habitat Assessment (GRIHA) rating system pan India.

Speaking on the occasion, Mr. Monu Ratra, Chief Executive Officer & Executive Director, IIFL HFL expressed his delight on the newly forged partnership and was looking forward to working hand in hand with GRIHA Council to increase the footprint of GRIHA rated affordable housing projects in India. This association further strengthens our endeavour to create an eco- system for green affordable housing in India.

Delivering the special remarks at the event, Mr. Sanjay Seth, CEO, GRIHA Council said that the GRIHA Council is honoured to partner with IIFL HFL towards the advancement of the sustainable affordable housing segment in India. He reiterated that GRIHA Council with its 2100+ registered and 800+ rated projects with a green footprint of over 600 million sq.ft is firm in its commitment to the decarbonisation of the building sector. He also added that Government of India in its third biennial update report to the UNFCCC earlier this year had once against recognized the GRIHA rating as India’s own building energy rating system.

This is the first time that GRIHA Council is being associated with an agency such as IIFL HFL, who provide home loans and mortgage loans enabling the construction and/or purchase of residential projects. This collaboration will be a transformative step towards scaling up the green affordable housing footprint as well as ensuring enhanced comforts to the end user.

About GRIHA Council

Green Rating for Integrated Habitat Assessment (GRIHA) Council is an independent, not- for -profit society jointly setup by The Energy and Resources Institute (TERI) and the Ministry of New and Renewable Energy (MNRE), Government of India to promote and administer green buildings in India. GRIHA has been acknowledged as a tool to evaluate reduction in emission intensity through habitats, as part of mitigation strategy for combating climate change in INDIA's "Nationally Determined Contributions" (NDCs) submitted to UNFCCC.

About IIFL HFL

IFL HFL, Housing Finance Company is passionately driven to transform India by providing a help -in-hand to the aspiring home buyers. Having served over 1 lac customers, IIFL HFL is aligned with Mission Housing For All by 2022. Under Pradhan Mantri Awas Yojana (Urban) (PMAY - U), IIFL HFL has benefited 42,900+ customers with 1000+ cr subsidy through Credit Linked Subsidy Scheme (CLSS). The company is focused on providing easy and accessible home loans to economically weaker sections and Lower Income Groups of the society. IIFL HFL offers a diversified product portfolio supported by technology enabled processes for the best customer experience.

For further information, contact:
GRIHA Council - Santhosh Ramkumar: santhosh[dot]ramkumar[at]grihaindia[dot]org
IIFL HFL – Amor Kool: amor[dot]kool[at]iifl[dot]com