MOHFL Signs 100 Million Dollar Deal with ADB for Affordable Housing

By: WE Staff | Thursday, 5 March 2026

• Motilal Oswal Home Finance Limited (MOHFL) entered into a $100 million deal with Asian Development Bank (ADB)
• These funds would enable affordable housing finance, especially for women and green homes.

Motilal Oswal Home Finance Limited (MOHFL) announced that it has signed a $100 million loan agreement with the Asian Development Bank (ADB) to expand MOHFL's portfolio of affordable housing units.

This initiative will focus on supporting women borrowers and financing homes that have obtained certified Green status.

MOHFL is issuing rupee-denominated non-convertible debentures (NCDs) in this transaction and expects to receive dollar denoted funds through the ADB consortium of lenders.

According to MOHFL, this funding represents a major milestone for MOHFL with respect to being recognized globally as having a strong business model, governance, and growth prospects.

The main objective of using these funds will be to provide affordable housing loans to women borrowers living in underserved and emerging towns throughout India.

In addition, 10 percent of these funds will be allocated towards financing residential units meeting the criteria for recognized green building certification, thereby promoting the health and well-being of the environment.

Sukesh Bhowal, Managing Director/CEO of MOHFL, stated: "This funding will allow MOHFL to build out our presence in smaller cities while also enhancing our responsible growth strategy. The ADB partnership will allow MOHFL to significantly expand our affordable housing finance service offerings to low- and middle-income families, while also promoting green construction initiatives."

According to Bhavin Shah, Chief Financial Officer with MOHFL; having long-term financing will contribute positively to the overall financial standing of the company.

Additionally, receiving long-term capital at competitive rates will improve the efficiency of financing and enhance better management of assets and liabilities. This will also create a greater level of cost-effectiveness in terms of lending, which is very important in the housing finance industry.

As stated by Isabel Chatterton, Director General of the Private Sector Operations Department at ADB; this funding will help to increase access to affordable housing loans by women, who make up a very small percentage of home-owners in India.

She also indicated that this partnership will reduce barriers to formal financing and encourage environmentally sustainable housing solutions.