Builders’ luxury focus hits affordable housing supply’

Despite demand being high, affordable housing is facing supply-side issues, DLakshminarayanan, MD of Sundaram Home Finance, tells Narayanan V in an interview. He also speaks about the overall housing demand, the impact of GST and the lender’s plans to scale up the emerging business segment. Excerpts:

- D LAKSHMINARAYANAN, MD, SUNDARAM HOME FINANCE

How is the demand sentiment in the housing segment?

Overall, the housing market has been strong and resilient over the last few years. There was a year-on-year dip in the first half, but the Q2 was better than Q1. This is the scenario in the top 8-10 cities in the country, but small towns have been growing fast. I so not see any change in this trend on the back of economic development.

You recently entered the affordable housing segment. How is the demand there?