ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Housing Finance Untapped Market

THE growth of the Housing Development Finance Corporation (HDFC) has been re-markable, even by the standards of institutions purveying finance. Its loan approvals in 1983-84, only its sixth year of operation, were Rs 103 crore, for 27,495 housing units, and its disbursements Rs 15 crore. Loan approvals showed a rise of 35 per cent over the previous year, disbursements of 57 per cent and the number of housing units approved for financ-ing of 41 per cent. The average cost of hous-ing units financed by HDFC in 1983-84 was, it would seem, around Rs 90.000 towards which the HDFCs contribution on average was Rs 39,000. The average gross monthly income

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top