TT&A (as Indian law counsel) advised ADB in its loan facility (by way of an external commercial borrowing) of up to USD 70,000,000 to Vastu Housing Finance Corporation Limited (“Borrower”).

The proceeds of the loan will be used by the Borrower to provide finance towards: (i) housing loans; (ii) apartments in buildings certified as Leadership in Energy and Environment Design (LEED) three-star and above or equivalent certification, (iii) individual houses certified under Jan Awas Nirman Green Rating for Integrated Habitat Assessment (JAN GRIHA) with at least two-star rating or a certified green home, or equivalent certification, (iv) energy-efficient equipment or appliances (such as air-conditioning, refrigerators and freezers, ventilation, boilers), and (v) photovoltaic systems (such as rooftop solar or solar water heaters).

TT&A Team- Gautam Saha – Joint Managing Partner;  Ambarish Mohanty – Partner and Shubham Gupta – Associate