“Urbanisation, digitisation, better infrastructure, to drive demand growth in the Housing Finance Sector”
Buying a house is a very emotional decision and has a huge financial impact, so an increase in income usually leads to a rise in demand for bigger homes. The demand has been increasing over the years because of the virtuous effect of the factors like young demographics and increasing urbanisation. To know more about the housing sector in the country, Anil Kaul, Managing Director, TATA Capital Housing Finance Ltd, had an interaction with Shruti Jain of Elets News Network (ENN).
With the ongoing urbanisation, the demand for housing in India has been rising alongside the growing population. What opportunities do you see for yourself ?
India is a rapidly urbanising country and about 32-33 per cent of India lives in cities. Next couple of years, it is expected to go up to about 37 per cent to 38 per cent, which is lesser compared to much smaller nations in Asia. This represents a great opportunity for TCHFL to assist their customers in fulfilling their aspiration of buying their dream house as more and more people move to the cities.
