Expect significant growth in realty sector: IIFL

The new Reserve Bank governor will take forward the task of cleaning public sector banks, believes Nirmal Jain, Chairman of IIFL. The government too is expected to streamline monetary policy in coming days to aid economic growth. IIFL, which has been raising funds, is concentrating on non-banking finance companies. The focus is on affordable housing, Jain says adding that IIFL is looking at tier I and II cities for investments. Significant growth is expected to come into the realty sector according to him. Watch video for more..