DHFL (Dewan Housing Finance Limited) is forecasting growth of 30% in home loans in the present fiscal. This will majorly be spurred by increasing demand from smaller towns and cities. DHFL has been expanding into Tier 2 and 3 towns which are the new growth drivers in the country.
The company has already launched its initiative named Griha Utsav which is an exhibition showcasing affordable housing projects across several Tier 2 and 3 zones in order to offer seamless access to finance solutions and affordable housing options, specially for the middle and lower income categories. The Government has paved the way for a strong foundation for the affordable housing segment across a few quarters according to the company since it has acknowledged the growing need to take constructive initiatives in this sector.
The mission to achieve Housing for All by 2022 is a major development that is driving the growth of the affordable housing segment in the country according to DHFL. The initiatives like GST, RERA and other measures have brought in greater transparency to the Indian real estate sector. DHFL posted Rs. 293.3 crore in net profit for the second quarter ending in September, 2017 which indicates growth of 26.1%. The company’s AUM (assets under management) also witnessed 25.1% of growth, touching Rs. 94, 089 crore for the quarter.