In a bid to clear unsold inventory of affordable housing, the government has hiked the carpet area of houses eligible for interest subsidy under the Pradhan Mantri Awas Yojana-Urban. The move naturally comes as a shot in the arm for housing finance companies like Can Fin Homes.
In an interview with CNBC-TV18, SK Hota, MD, Can Fin Homes shared his take.
Q2 was better as compared to Q1, he said.
Enquiries have improved substantially post Real Estate Regulatory Authority (RERA) implementation, he added.
We deal mostly in the individual housing loans, said Hota.
“91 percent of our portfolio comes within the income range of less than 18 lakh, those who qualify for CLSS,” he further mentioned.
89 percent of Can Fin Homes’ portfolio is for individual home buyers. “We have given a guidance of Rs 17,000 crore loan book for current year so we are sticking on to that so far,” he said.
For full interview, watch accompanying video...
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