IIFL Home Finance’s AI-Driven Vision for Vikshit Bharat 2047

“At IIFL Home Finance, we are committed to revolutionizing affordable housing by leveraging AI and advanced technologies. Aligned with India’s ‘Vision 2047 – Vikshit Bharat,’ our approach streamlines lending, promotes sustainability, and drives smart home innovations, shaping the future of India’s built environment.”

At IIFL Home Finance, we are committed to revolutionizing the affordable housing sector by integrating cutting-edge technologies, aligning with India’s visionary ‘Vision 2047 – Vikshit Bharat’ initiative. Our approach centers on harnessing Artificial Intelligence to streamline lending processes, promote sustainable housing, and support the development of smart home innovations, driving the future of India’s built environment.

IIFL Home Finance leverages AI to monitor construction site safety, assess building materials, and support green certifications, driving smart and sustainable infrastructure. In our lending operations, the Company has been using the AI-powered algorithms and advanced digital ecosystems to streamline loan approvals, making the process faster and more accessible to the masses. Our systems analyse and churn vast amounts of data to assess creditworthiness more accurately, enabling us to serve some of the underserved segments like self-employed individuals and those in the informal sector.

To further address challenges in housing finance space, the Company has implemented a few of the cutting-edge technologies under predictive analytics in property valuation and risk assessment. This technology helps us identify high-potential areas for development and making more informed lending decisions, contributing to balanced urban growth across India. Our digital transformation efforts extend to customer interactions, with AI-driven chatbots i.e., ‘Shrishti’, and virtual assistants providing 24/7 support.

As we look ahead to 2047, IIFL Home Finance is committed to continuously evolving our digital capabilities and technological ecosystem. We envision a future where advanced data analytics and machine learning will enable us to offer hyper-personalized home financing solutions, predict and mitigate potential defaults, and play a crucial role in creating smart, sustainable cities across India.