Property prices will come down: HDFC chief
The Housing Development Finance Corporation (HDFC) has targeted a 25-30 per cent growth this financial year on account of prevailing robust demand from its retail customers, HDFC chairman Deepak Parekh says.
The lender has seen a cooling down in property prices in some pockets and expects prices to come down in the near future, Mr. Parekh says.
“There is a growing demand in the country’s housing segment ... as long as the demand exists, there is a huge business opportunity ... we hope to maintain a 25-30 per cent growth in our housing loan business this fiscal.”
Also, the lender has seen property prices softening in certain pockets in the suburban areas of tier-1 and -2 cities by 15-20 per cent in recent months.
“They (property prices) will come down in the near future. We have already seen prices softening by 15-20 per cent in certain pockets,” he said. — PTI
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