The NBFCs had witnessed tepid growth in April-June, 2021, after the second wave of Covid-19. However, with the easing of restrictions and decline in cases, the fresh loan disbursements in the second quarter of FY 22 have reached the pre-Covid levels.
Renu Sud Karnad, MD, HDFC said, “Growth in home loans came from both the affordable housing segment as well as high-end properties.” In a non-quarter end month, disbursements in July were recorded as the highest, as per HDFC.
Y Viswanatha Gowd, MD and CEO of LIC Housing Finance, said that the value of house ownership has been revived owing to the Covid-19 pandemic. He added, ” The concept of work-from-home is also fuelling the need and creating a demand for larger spaces as a subset.”
Shriram Housing Finance reached Rs 650-700 crore mark in July-September, 2021 as it disbursed more fresh home loans. Earlier in the April-June quarter, it was Rs 220 crore. “We have already reached the pre-Covid levels of disbursement of loans,” Ravi Subramanian Its MD and CEO of Shriram Housing Finance, added.
M&M Finance saw a 57% YoY growth in disbursement at Rs 2,150 crore in August. In July Indiabulls Housing Finance’s fresh loan disbursements delivered impressive growth month-on-month.
(Follow Money9 for latest Personal finance stories and Market Updates)
One of the trends that got accentuated during the pandemic was stays at small properties of five to 10 rooms in picturesque locations
In India, the segment of ETFs is slowly taking off and several mutual fund houses are offering ETFs to investors.
The NIP will help augment India’s productive capacity, contribute to our overall growth and bring down the logistics costs, improving competitiveness
Diversification is key and should be followed for stable and steady returns in the long run.