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Demand for affordable housing strong despite supply challenges: Experts

In India, today, 95 per cent of housing loan requirements come from economically weaker sections (EWS) and low-income groups (LIG) who can't afford a house

Photos: KAMLESH PEDNEKAR
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L-R: Tribhuwan Adhikari, managing director (MD) & chief executive officer (CEO), LIC Housing Finance; Deo Shankar Tripathi, vice-chairman at Aadhar Housing Finance; Girish Kousgi, MD and CEO of PNB Housing Finance; Ravi Subramaniam, MD and CEO of Tru

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A shift among developers towards affordable housing, along with a nudge from the government through regulatory changes and subsidies, will boost the segment. According to the Knight Frank-Business Standard report, home loans are the most preferred mode of financing when buying a house across all income groups. But affordable housing buyers get limited loan opportunities and depend heavily on housing finance companies (HFCs). 
At the Business Standard BFSI Insight Summit’s panel discussion titled ‘Banking on Bricks’, experts from the housing finance sector — Tribhuwan Adhikari, managing director (MD) & chief executive officer (CEO), LIC Housing Finance; Deo Shankar Tripathi, vice-chairman

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