#deepak parekh

[pranabbanerjee]

Deepak Parekh: Rate hike unlikely to affect demand for homes: Parekh

Deepak Parekh: Rate hike unlikely to affect demand for homes: Parekh

Mumbai: Developers they are unlikely to opt for a price hike because they recognize that it is counterproductive to outperform homebuyers and have large stocks of unsold inventory, Housing Development Finance Corp.HDFC) chairman Deepak Parekh said in his address to shareholders. “There has been, so to speak, a consolidation and a purge in the Indian real estate space. Weaker players have been…

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[shlipayadavblog]

HDFC chairman Deepak Parekh explains what led to the mega merger

HDFC chairman Deepak Parekh on Monday said harmonisation of rules between banks and non-banks which reduces the regulatory arbitrage was one of the key factors which influenced the decision for merger between the largest home financier and HDFC Bank.

Parekh, who said the merger discussions have happened over the last three weeks, noted that requirements like non performing asset recognition being at par and size-based regulations for non-bank finance companies are among the changes in landscape.

Addressing a press conference after the surprise announcement earlier in the day, Parekh said the last three years have seen harmonisation in the regulations which reduce the "regulatory arbitrage" of running a separate home finance company.

He said being an housing finance company, HDFC does not have priority sector loans mandate, and is not required to comply with statutory liquidity ratio or cash reserve ratio mandates for its liabilities.

[cubicalone]

Housing and realty sector heading into the best of times, says Deepak Parekh

Housing and realty sector heading into the best of times, says Deepak Parekh

The country’s housing and real estate sector is heading into the best of times, said Deepak Parekh, Chairman, Housing Development Finance Corporation. “Right now, there is a lot of optimism in the air on the potential of the housing and real estate sector. This isn’t just feel good talk, it is real. The Indian real estate market is on the cusp of a new growth cycle and it is important that we…

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