NaAtMaD – News and Articles that Make a Difference

MUMBAI, Sept 10 – Housing Development Finance Corp , India’s top mortgage lender, expects growth of 24 to 25 percent in loans in the fiscal year that ends in March 2009, its chairman said on Wednesday.

“We have seen a 28 percent increase in loans in the first four months of the year,” Deepak Parekh said on the sidelines of a real estate conference.

The residential housing market will show “robust growth”, he said.

Source Reuters