"Along with Seventh Pay Commission, good monsoon and everything else as positive, demonetisation will have a positive impact as far as the real home buyers are concerned", SK Hota, MD of Can Fin Homes told CNBC-TV18.
Additional 5 percent allowed for funds to invest in housing finance companies in the paper will see demand from bond market, SK Hota, Managing Director of Can Fin Homes told CNBC-TV18. There‘ll be a cost advantange to companies like ours, he said, adding, that he expects liquidity to increase which will help faster growth in loan book.
SK Hota, Managing Director, Can Fin Homes, expects the loan book to be around Rs 13,500 crore at the end of this financial year, which works out to an increase of 29 percent year-on-year
Funds received on account of arrears payouts can be used to partly finance home purchases, V Raghu of Repco Home Finance tells CNBC-TV18.