HDFC Individual Loan Disbursements Rise by 181% on year in June Qtr.

The largest private housing finance company in India said that demand had improved in both the affordable segment as well as in high-end properties. While the company’s net profit declined marginally to ? 5,310 crore from ?5,669 crore same time last year, Housing Deve

BY Realty Plus
Published - Wednesday, 04 Aug, 2021

HDFC Individual Loan Disbursements Rise by 181% on year in June Qtr.

The largest private housing finance company in India said that demand had improved in both the affordable segment as well as in high-end properties. While the company’s net profit declined marginally to ? 5,310 crore from ?5,669 crore same time last year, Housing Development Finance Corporation (HDFC) saw a 181% growth in individual loan disbursement in June quarter 2021. The leading housing finance company sees strong demand for home loans since many locations have unlocked post covid. “While disbursements during April and May of the current financial year were somewhat impacted, business has reverted to normalised trends in the months of June and July,” said the company. The total number of properties under construction in India exceeds 626,000. Even HDFC’s earnings statement noted that people preferred ready-to-move properties compared to those under construction.