ADB to invest $1-M to promote green housing in India

Asian Development Bank (ADB) has tied up with low cost housing financier IIFL Home Finance to launch a green housing initiative in India. ADB is also planning to engage other institutional stakeholders including the Indian government, which has initiated a drive towards housing for all. The total project cost is pegged at USD 1 million and will be provided by ADB's Urban Climate Change Resilience Trust Fund. IIFL will also contribute an additional USD 150,000 towards other costs.