IIFL Home Finance Partners with MHDC to Boost Affordable Housing

IIFL Home Finance Ltd. has announced a strategic partnership with Maharashtra Housing Development Corporation Ltd. (MHDC) to promote affordable housing projects and facilitate home financing in Maharashtra. The collaboration, formalized through a Memorandum of Understanding (MoU) signed in the presence of Mr. Monu Ratra, IIFL Home Finance along with officials from MHDC, which aims to accelerate the sale of approximately 3,000 tenements under the Pradhan Mantri Awas Yojana 2.0 (PMAY 2.0) within the state.
The partnership leverages MHDC's housing projects and IIFL HFL's widespread experience in home financing to make homeownership more accessible to the Economically Weaker Section (EWS) and Lower Income Groups (LIG) of the society. The memorandum signed between two entities aligns with the Government of India's vision of "Housing for All" and reinforces both organizations' commitment to affordable housing and financial inclusion.