Kutumb, an initiative towards 'Green Affordable Housing'
Kutumb by IIFL Home Loans wins 'Best Green & Sustainable Initiative in Affordable Housing Segment' at ZEE Business National CSR Leadership Congress & Awards for Excellence in CSR & Sustainability.
India is standing at the cusp of urban landscape transformation with an estimated construction of 11 million homes by 2022. By only imagining that these homes will be built using conventional building techniques, an estimated fresh water consumption of 24x106 million litre per year, energy consumption of 21 million units per year and massive CO2 emission of 17 million tons per year will be recorded.
How can we change this? Green Affordable Housing! With the launch of Pradhan Mantri Awas Yojana (PMAY) in June 2015, a large chunk of affordable homes are slated to be part of India’s urban transformation. Therefore, it would not be wrong to call ‘Green Affordable Housing’, the alternate face of India’s mission of ‘Housing for All by 2022’. Green homes ensure sustainable development of our environment, and what better way to blend the benefits of green buildings with affordable housing segment in India.
‘KUTUMB’ is a platform to blend the benefits of green homes within the affordable housing segment in India. Kutumb focuses on the needs, efforts and initiatives that can be taken to promote sustainable and energy efficient real estate development in cost effective ways. Over the four Chapters of KUTUMB, we have partnered with Asian Development Bank (ADB), International Finance Corporation (IFC), CDC- a UK sovereign fund, Indian Green Building Council (IGBC), German Agency for International Cooperation (GIZ), Green Building Council of India (GBCI), Energy Efficient Services Ltd (EESL), Ashok B Lall Architects and National Housing Bank (NHB).
Our journey started in June , 2018 in Ahmedabad with Chapter I of KUTUMB. The event witnessed participation from more than 50 developers and 5 experts. The event in Ahmedabad marked the beginning of a series of similar events, specific to ‘Green Affordable Housing’. Owing to the immense response in Ahmedabad, Chapter II of KUTUMB took place in Indore in Sept 2018. More than 100 participants, 70+ real estate developers and 7 experts were present at the event. The journey reached its next stop in Pune, where Asian Development Bank (ADB) joined hands with us to hold Chapter III of KUTUMB. 100 participants, 70+ real estate developers and 9 experts shared their expertise and benefits of green affordable housing. KUTUMB held its largest Chapter at Bangalore in June 2019 where Padma Shri Saalumarada Thimmakka, affectionately called VRIKSHA MATA graced the event with her presence. In addition, 120 real estate developers, 7 experts and collectively 200+ participants were present at the event.
KUTUMB is a vision that culminates into the big picture of ‘Green Revolution 2.0’ that focuses on green affordable housing in India, realising its potential value for our shareholders, investors and end-customers.
Disclaimer: The information contained in this post is for general information purposes only. IIFL Finance Limited (including its associates and affiliates) ("the Company") assumes no liability or responsibility for any errors or omissions in the contents of this post and under no circumstances shall the Company be liable for any damage, loss, injury or disappointment etc. suffered by any reader. All information in this post is provided "as is", with no guarantee of completeness, accuracy, timeliness or of the results etc. obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. Given the changing nature of laws, rules and regulations, there may be delays, omissions or inaccuracies in the information contained in this post. The information on this post is provided with the understanding that the Company is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other agency or organization. This post may also contain links to external websites that are not provided or maintained by or in any way affiliated with the Company and the Company does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. Any/ all (Gold/ Personal/ Business) loan product specifications and information that maybe stated in this post are subject to change from time to time, readers are advised to reach out to the Company for current specifications of the said (Gold/ Personal/ Business) loan.
