According to reports, National Housing Bank is in talks with German Government bank KFW for a second line of credit to support energy-efficient houses.
This credit line, for €100 million, is in addition to the €50 million already provided by KFW since December 2010.
NHB has already drawn down €30 million from the first line of credit and the balance will be drawn by March 2014, R. V. Verma, Chairman and Managing Director, NHB, told Business Line.
NHB is using this credit to refinance individual home loans for energy-efficient housing units.
Verma said NHB was keen to promote energy-efficient homes in India and claimed that the concept was a ‘big hit’ in Karnataka and the National Capital Region (among private developers).
An IT toolkit — globally standardised — has also been developed for measuring energy-efficiency, he added.
Energy-efficient programmes, which hitherto targeted premium housing, are now being promoted even for middle-income apartments, say industry observers.
In the next couple of years, the cost of implementing such programmes will be the same for both high- and middle-income apartments, it was pointed out.
Verma also said NHB is in talks with KFW for a €100 million line of credit for low-income housing.