Demand is back but smaller HFCs struggling due to NPAs: Can Fin Homes

With real estate demand surging, what is the situation for housing finance companies? Are the smaller companies being able to cash in on the demand? Girish Kousgi, MD and CEO at Can Fin Homes discussed this in an interview with CNBC-TV18.

“On the affordable segment, we see demand coming back. What needs to be noted is that some of the big housing finance companies (HFCs) and banks are doing very well and some of the small HFCs in spite the demand being back, will not see that kind of numbers,” he analysed.

“Even if the demand is back on the affordable segment, you will see some HFCs reporting good numbers but most of them would still struggle because of profitability and issue on asset quality,” he said.