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‘Housing need real’

LIC Housing Finance has said home loan rates have not yet peaked but felt there is no asset bubble in the making as housing demand was real. “Interest rates have no doubt been stable during the last two or three months. But it has not reached the level of 13-14 per cent. The rates have not peaked yet,” said LICHFL Director and Chief Executive Officer S.K. Mitter. The company, he said, aimed at growing its business by around 25 per cent in the next couple of yea rs. — PTI

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