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HDFC sees 24-25 pct loan growth in FY09

Posted by Yogesh on Wednesday, 10 September, 2008

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


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