The Tata Capital Limited Company’s administrator Vaithianathan Ramachandran has said that the company’s loan portfolio closure for this financial year is around 13,000 crores when compared to the previous year’s loan portfolio was just 9,200 crores.
Ramachandran has said that the Housing Finance Industry has shown a growth of 18-120%, whereas the Tata Capital Limited Company has shown a huge increase of around 40% with regard to the loan portfolio.
When Ramachandran spoke in an interview he said that there is considerably increase in the housing plan and the buyers are ready to occupy the built in houses of flat and are ready to invest a huge sum for the same. The present growth is the good indication for the industry as a whole.
Meanwhile the Company is ready to invest funds around 3,500 crores in the next accounting year and Ramachandran further added that more funds are been invested by National Hosing Bank, other banks and building promoters are also contributing in the growth trend of the Housing Finance.
