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When Property Rates Rose At Fastest Pace In 30 Years, Explains HDFC Chief
Housing demand to come back, says HDFC chief Keki Mistry India has fundamental need for realty, especially housing, he says Average age of first-time home buyer in India about 37-38 years, he adds
02 Jan 2017, 07:45 PM IST 
Keki Mistry of HDFC said India has a fundamental need for real estate, especially housing.
The demand for housing - which has been hit by demonetisation - will come back, said HDFC vice chairman and CEO Keki Mistry. He cited the example of the demand for housing which suffered in the wake of the Lehman crisis in India to back his optimism.
"Take 2008-09 as example. In 2008-09, post-Lehman crisis and some amount of job losses in India, growth slowed down. But when it came back it came back with such a renewed vigour that i...
