Motilal Oswal Home Finance, a leading housing finance company in India, has announced a groundbreaking partnership with the Asian Development Bank (ADB) to secure a $100 million Non-Convertible Debenture (NCD) deal. This significant investment will specifically support affordable housing loans, focusing on empowering women borrowers and financing green-certified housing projects.
The ADB's involvement in this partnership highlights the growing recognition of the importance of sustainable and inclusive housing finance in India. The $100 million NCD deal will enable Motilal Oswal Home Finance to provide more loans to women seeking to purchase homes, addressing a critical need in the market. Furthermore, the financing will also be directed towards projects that adhere to green building standards, promoting environmentally responsible construction practices.
This collaboration represents a strategic alignment of both organizations' missions to improve lives and build a more sustainable future. As a regional development bank dedicated to reducing poverty and promoting sustainable economic growth in Asia and the Pacific, the ADB's involvement in this partnership underscores its commitment to supporting affordable and sustainable housing solutions in India. By working together, Motilal Oswal Home Finance and the ADB aim to expand access to homeownership for underserved populations and promote environmentally responsible construction practices.
