Bank Recap Will Boost Credit Offtake, Says Dewan Housing

Bank Recap Will Boost Credit Offtake, Says Dewan Housing
Laborers are silhouetted as they work at a construction site. (Photographer: Dhiraj Singh/Bloomberg)

Mortgage lender Dewan Housing Finance Ltd. expects demand for affordable housing to continue in tier-1 and tier 2 cities aided by the Pradhan Mantri Awas Yojana subsidy and low interest rates. The home-loan provider with a pan India presence has seen good demand for loan against property with interest coming in from merchants, wholesalers and traders, Harshil Mehta, joint managing director and chief executive officer, told BloombergQuint in an interview.

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