News
Will Adopt Selective Approach Towards Housing Project Finance: LIC Housing Finance CEO & MD
Hyderabad, August 26, 2023: Tribhuwan Adhikari, CEO & MD of LIC Housing Finance Ltd, stated on Saturday that the corporation will now adopt a more selective and cautious approach when it comes to financing housing projects in the country. This decision is based on the company’s past experiences, which haven’t always been positive in terms of housing project financing.
Adhikari expressed these views during a panel discussion at the silver jubilee celebration of NAREDCO. The discussion was titled “Vision 2047 of Real Estate Sector in India – Affordable Housing is the Mantra.”
Adhikari pointed out that the previous experiences in the country’s housing finance sector have not been consistently positive, which has led LIC Housing Finance to exercise caution and avoid lending to projects that carry unnecessary risks. However, he also mentioned that over time, LIC Housing Finance might establish partnerships and associations with industry bodies like NAREDCO and other credible partners. This strategic collaboration would allow LIC Housing Finance to be more selective and discerning in its future housing finance endeavours.
Adhikari clarified that LIC Housing Finance would venture into housing finance once again, in partnership with like-minded organizations.
-
News3 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News3 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News4 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News4 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News3 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News4 weeks ago
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances
-
News2 weeks ago
SKA Forays In Luxury Housing: Launches SKA Destiny One in Greater Noida, To Invest Rs 592 Crores
-
News4 weeks ago
Ashiana Housing Sells Rs 440 cr Worth 224 Flats at its Project Amarah in Gurugram