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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.