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