| According to Sundararajan, regional manager (Andhra Pradesh and Karnataka) of HDFC Ltd, the housing development activity, although going on in full swing at places like Hyderabad, is still leaving a scope for a huge supply-demand gap. |
| He said that the growth in housing loan disbursement continues to be not less than 30 per cent as is the case in the first quarter of this fiscal. |
| "Five years back, bookings used to begin only after the construction reached to the first slab level. Now, they are happening even when the construction is just at the ground level. Though prices of budget homes are on the rise, they are still at an affordable range," he told the media at an exclusive property fair organised by HDFC here. |
| About 32 developers showcasing over 75 projects with more than 4,000 units are participating in the three-day show. The price of these units range between Rs 10 lakh and Rs 60 lakh. HDFC is offering a concessional rate of interest at 7.35 per cent to those applying for housing loan at the property show. |
| On display at the fair are two-three bedroom apartments and independent houses with built-up area ranging from 900 sq ft to 2,500 sq ft. A few Bangalore projects too are being showcased. |
| "We offer loans to even those who want to buy a house in Bangalore from here itself," Sundararajan said. HDFC expects to achieve a Rs 900-crore turnover in Karnataka during the current financial year, he said. |
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