Financial Daily from THE HINDU group of publications
Friday, Dec 24, 2004
Financial Daily from THE HINDU group of publications Friday, Dec 24, 2004 |
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Money & Banking
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Housing Finance ICICI Home Fin sees growth from Tier II cities Our Bureau
Pune , Dec. 23 THE real estate market in the country is showing a healthy growth with disposable incomes and easily available housing finance catalysing growth.
ICICI Home Finance said here on Wednesday new growth for the company was coming from centres such as Pune, Bangalore, Hyderabad, Chennai and Chandigarh which are witnessing considerable investments in the information technology and biotechnology sectors. The company said it would now focus on these locations to spur increased growth while simultaneously tapping newer markets in the vicinity of these places for additional business. Speaking at the launch of a home loan Maha Utsav in Pune , Mr Rajiv Sabharwal, Chief Operating Officer, said the company had already disbursed Rs 8,220 crore in home finance and sanctioned Rs 10,627 crore in the first two quarters of the current year. "The real estate market is expected to touch the level of Rs 65,000 crore this year as against Rs 52,000 crore it did in the last fiscal," Mr Sabharwal said.
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