Can Fin Homes Managing Director and CEO Girish Kousgi expects the real estate industry to perform well, which will be positive for housing finance companies. He believes the affordable segment would see huge demand first, followed by the mid-segment, then luxury, and finally high-end.
Housing finance company Can Fin Homes expects second quarter of fiscal 2022 to be its best in earnings history, beating Q4FY21 due to strong demand across all geographies and segments .
Speaking to CNBC-TV18, Girish Kousgi, managing director and CEO of Can Fin Homes, said he expects loan growth of 18-20% for fiscal 22.
âIn terms of the outlook for the industry, the next 2-3 years are going to be a dream race. And because of COVID-19, wave one and wave two, there was pent-up demand that is being postponed. strong pent-up demand, then real demand will come back. So in terms of outlook, as a company, we are looking forward to growing around 18-20%, “Kousgi said.
According to him, the real estate sector will behave well in this area, which will be positive for housing finance companies. He thinks the affordable segment would see huge demand first, followed by the mid-segment, then luxury and finally the high-end.
âThat’s what we’ve seen over the past few decades whenever these kinds of events happened, or there was a recession. So now we’ve seen affordable prices and the midsize segment is doing extremely. well. The next level, the high segment started to do well, âKousgi said.
âThe real estate industry has started to do well and will last for the next 5-6 years. This will therefore ensure that, sooner or later, in all segments, this industry will do well, which will also help housing finance companies as long as they are able to maintain their liquidity and profitability, âhe said. he adds.
For the full management interview, watch the video