Sunref Housing Project
The National Housing Bank (NHB) has joined hands with the French Development Agency (FDA) and the European Union to launch the SUNREF Housing India programme as part of efforts aimed at scaling up green housing projects in India.
SUNREF (Sustainable Use of Natural Resources and Energy Finance) Housing India will provide financing of €112 million to NHB, through a credit line of €100 million with AFD and a grant of €12 million financed by the European Union.
In the background of the growth of the Indian housing sector where 70 per cent of the dwelling units are to be built from now till 2030, the SUNREF project aims to reduce the negative impact on environment. It seeks to encourage the development of green residential buildings that demonstrate more efficiency in energy, water and building material use.