Andhra Pradesh

IIFL-HFL aims at disbursing ₹7,200 cr. housing loan in A.P. and TS by 2025

The India Infoline Home Finance Limited (IIFL - HFL) organised its flagship event ‘Kutumb’, with the theme ‘Andhra Pradesh and Telangana – Urgent need for Green Affordable Housing’ in collaboration with the Asian Development Bank (ADB), on Friday.

‘Kutumb’ is a knowledge ecosystem conceptualised by the IIFL Home Loans to promote green affordable housing in India. The event took place in a hybrid model in Hyderabad, Vijayawada, Vellore and Rajamahendravaram.

Priya Sunder (senior investment officer, ADB), Ashok B. Lall (principal architect, Ashok B. Lall Architects), S. Karthikeyan (principal counsellor, CII-IGBC) and Medapati Vishnuvardhan Reddy (CEO and Director, Tranquillo Holdings and Projects Private Limited) spoke on the occasion, according to a release.

With more than 85 branches in Andhra Pradesh and Telangana, the IIFL HFL disbursed loans of ₹2,448 crore in both the States —over ₹1,491 crore in Telangana and ₹956 crore in Andhra Pradesh), till March 31, 2022.

The company said that it targeted to disburse home loans amounting to more than ₹7,200 crore in Andhra Pradesh and Telangana (₹4,320 crore in A.P. and ₹2,880 crore in Telangana) by 2025. It has funded over 645 Beneficiary-Led Construction (BLC) units with loan disbursement of more than ₹12 crore in Andhra Pradesh.

The BLC, a Centrally sponsored scheme, aims at providing assistance up to ₹1.50 lakh per house to individual eligible families belonging to EWS categories to either construct new houses or expand existing houses on their own.

Our code of editorial values

  1. Comments will be moderated by The Hindu editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

Printable version | May 15, 2022 7:34:45 pm |