‘Work-from-home has spurred demand; people looking to upgrade their homes’
Shriram Housing Finance, which operates in the affordable home loan segment, is targeting a growth of more than 50% in FY22, says MD & CEO Ravi Subramanian. Edited excerpts:
How will the housing finance sector benefit from the Union Budget’s provisions?
The government continues to be focussed on its agenda of ‘Housing for All’. This Budget announced the extension of PMAY (Pradhan Mantri Awas Yojana) benefits. The emphasis on this segment is clear with the affordable housing rental programmes. It’s good to see that there is a clear plan for ensuring benefits to the last consumer.
There are also some changes at the sector level which are worth mentioning. One good change is that AIFs are now permitted to buy NPAs. This was earlier restricted to only ARCs. With AIFs entering this space, it brings in some competition. This is likely to expand the market.
News Source:- The Hindu