The current environment is conducive to home affordability and has aided the end-consumer demand, as reflected in the sustained growth in home loan disbursements over the last four months, despite the challenges posed by the third wave of the COVID-19 pandemic. Shriram Housing Finance recorded its highest ever quarterly disbursements in Oct-Dec, a bulk of which were to the affordable housing and mid-income segment. We expect the momentum to sustain in the current quarter led by a revival in urban consumption and positive consumer sentiment across Tier-2 and Tier-3 cities.
The central bank seemed sanguine on domestic inflation, assuaging some concerns on the higher cost for construction. Further, with the Omicron wave starting to abate, the government’s focus on infrastructure and housing should ensure that demand for home loans remains buoyant going into FY23.”
The author of this article is Ravi Subramanian, MD & CEO, Shriram Housing Finance
The views and opinions expressed are not of IIFL Capital Services, indiainfoline.com
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