Deepak Parekh, Chairman of HDFC Ltd, India’s largest housing finance company, was the guest at ThePrint’s Off the Cuff. In a conversation with Editor-in-Chief Shekhar Gupta, Parekh talks about the stressed financial system and how the sector could see consolidation in the coming months.
He was also optimistic about demand recovery in the coming months and advocated aggressive asset monetization and disinvestment to create fiscal space. Parekh also cautioned against blindly printing money. Parekh said builders should look to provide discounts and clear their housing inventory in the coming months.
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