DCM L&T Housing Finance Limited (IFC-40542)

  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 28, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
L&T Housing Finance Limited
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 75.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 9, 2019

Disclosed by Bank Feb 16, 2018

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The proposed project consists of senior financing to L&T Housing Finance Limited (L&TH or the Company). The proceeds will be used to finance developers of affordable housing as per the criteria specified in the Pradhan Mantri Awas Yojna, scheme of the Government of India that aims for “Housing for All” by 2022.

L&TH is a Housing Finance Company registered under the National Housing Bank. The Company serves the housing and real estate finance segments. As of Sep/17, the Company held US$1.6 billion in assets.

People Affected By This Project

1. Support to the affordable housing market: The project will increase access to affordable housing by supporting the financing of developers engaged in the affordable housing segment.

2. Job creation: Construction industry is one of the largest job creators in India. By supporting the expansion of housing finance this project will also contribute to job creation in India.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

L&T Housing Finance Limited is a wholly owned subsidiary of L&T Finance Holdings Limited (L&TF), the financial services arm of Larsen and Toubro Limited (L&T). L&TF, through its operating companies, is engaged in rural, housing and wholesale/infrastructure finance as well as investment and wealth management. L&TF services about 12 million customers with pan-India presence. It reports an asset base of over US$10 billion. LTF’s largest shareholder is Larsen and Toubro Limited which is a major global technology, engineering, construction, manufacturing and financial services conglomerate.

Contact Information


The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/