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We expect good demand to continue from realty sector: LIC Hsg Fin chief

In a Q&A, Y Viswanatha Gowd, MD & CEO of the HFC attributes the uptick in demand for home loans to stabilising interest rates and completion of large projects

Manojit Saha Manojit Saha
Y Viswanatha Gowd, MD & CEO, LIC Housing Finance
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Y Viswanatha Gowd, MD & CEO, LIC Housing Finance

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LIC Housing Finance expects encouraging growth numbers in FY24 on the back of big real estate projects nearing completion and interest rates stabilising, MD & CEO Y Viswanatha Gowd tell Manojit Saha in the interview:
How has your business grown in 2022-23? What are the projections for the financial year 2023-24?
For the nine months to December 2022, our disbursements have grown at a healthy 13 per cent. Most of this was in the retail segment. The growth comes despite disruptive global headwinds. I expect the good demand in the real estate sector to continue in the new financial year too. We're seeing a spike in new project launches across all the cities-–even in tier-3 towns. With good connectivity and the government’s strong infra push, many infra projects will be near completion and we will surely see a lot of real estate traction in those locations. These will add a lot of buoyancy in terms o
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First Published: Apr 14 2023 | 3:37 PM IST

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