The housing finance company DHFL expects 30 per cent growth in disbursements in Karnataka this financial year.
“This is in accordance with the overall plans of expanding disbursement book size by 30 per cent across India,” said Santosh Nair, President and Chief Business Officer, DHFL.
“The company is banking on the thrust by the Union Government’s housing initiatives including ‘Housing for All by 2022’, ’Smart Cities Mission’, PPP policies, implementation of RERA, interest rate subventions and other important regulatory initiatives,” he added.
On its own the company has also launched several initiatives to aggressively expand its credit facilities, creating customised products and services best suited for low and middle income customers in tier-2 and 3 towns.
“The government’s efforts towards ensuring the success of ‘Housing For All by 2022’ mission has laid a very strong foundation for the affordable housing industry. This is positively impacting India’s mortgage-to-GDP ratio and advancing the country’s macroeconomic growth. Leveraging these opportunities and gaining support from the conducive environment, DHFL has been on a growth trajectory,” Nair said.
The company has been operating in Karnataka since 1990.