Affordable housing demand may get back to normal by Jan: Aadhar Housing CEO

The housing finance company posted a net profit of Rs 189.38 crore in FY20, up 16.6 per cent from Rs 162.37 crore in the previous fiscal year

Aadhar Housing Finance is hopeful of the affordable housing market getting back to normal levels by January 2021 as demand is reviving for small-ticket loans, the company's top executive said.

The firm, which caters to the home financing needs of the low-income segment, did very well during the last fiscal except for March-end due to the coronavirus lockdown, its Managing Director and CEO Deo Shankar Tripathi said.

"We had a profit growth of 17 per cent after providing hugely for Covid... and provisions for builder loan. Precisely Rs 90 crore provision was made after the profit. The idea behind making