No slowdown in affordable housing space: PNB Housing Finance MD & CEO

Girish Kousgi, managing director and chief executive officer of PNB Housing Finance, in an interview with Nikesh Singh in New Delhi, says the recent merger of HDFC with HDFC Bank will help the debt market open up, and the borrowing rates might slightly ease off for the sector. Edited excerpts:

How do you see the company’s growth in the affordable housing sector in FY24?

In the short, medium, and long term, the demand is quite robust in the affordable housing segment, which is big and accounts for 32-35 per cent of the share in the mortgage industry. We are not seeing