+
Lower GST on unfinished homes would add to affordability: Keki Mistry
Real Estate

Lower GST on unfinished homes would add to affordability: Keki Mistry

Vice Chairman and CEO Keki Mistry played a vital role in a successful transformation of HDFC, India’s premier housing finance company, into India’s leading financial services conglomerate. Now, this visionary banker in a candid interview with CW pats the RBI and the government on the back for what he believes was deft handling of the situation over the past nine months.

How does Mistry see the effects of the pandemic, going forward? As he says, “the worst is behind us” despite a “theoretical” threat. Yet, because HDFC’s lending is largely in the “affordable” segment, is there not the lurking peril in a pandemic-stricken job economy?

“There is no substitute for prudent lending,” he says.

Surprisingly, Mistry points out, the doomsday soothsaying for commercial real estate from the pandemic turned out largely to be a false alarm, and Mistry sees a bright immediate future for commercial realty for reasons that he explains in this exclusive interview.

REITs have been largely welcomed for the obvious financial reasons, but Mistry believes they, along with the new policies, will have a bearing on the quality of India’s real estate products. Enabling technology makes it imperative for companies to reach people virtually, but does it have a bearing on actual sale?

Notwithstanding everything we are going through, Mistry says, there is no better time to buy a house.

Read full interview here.

Vice Chairman and CEO Keki Mistry played a vital role in a successful transformation of HDFC, India’s premier housing finance company, into India’s leading financial services conglomerate. Now, this visionary banker in a candid interview with CW pats the RBI and the government on the back for what he believes was deft handling of the situation over the past nine months. How does Mistry see the effects of the pandemic, going forward? As he says, “the worst is behind us” despite a “theoretical” threat. Yet, because HDFC’s lending is largely in the “affordable” segment, is there not the lurking peril in a pandemic-stricken job economy? “There is no substitute for prudent lending,” he says. Surprisingly, Mistry points out, the doomsday soothsaying for commercial real estate from the pandemic turned out largely to be a false alarm, and Mistry sees a bright immediate future for commercial realty for reasons that he explains in this exclusive interview. REITs have been largely welcomed for the obvious financial reasons, but Mistry believes they, along with the new policies, will have a bearing on the quality of India’s real estate products. Enabling technology makes it imperative for companies to reach people virtually, but does it have a bearing on actual sale? Notwithstanding everything we are going through, Mistry says, there is no better time to buy a house. Read full interview here.

Next Story
Infrastructure Urban

Enviro Infra Enters ZLD Space with Rs 4 Bn CETP EPC Order

Enviro Infra Engineers, a prominent EPC Player in Water & Waste-Water Treatment across PAN India, has announced a significant step forward in its growth journey with its foray into the Zero Liquid Discharge (ZLD) space. The company has secured a prestigious project from the Maharashtra Industrial Development Corporation (MIDC) aimed at pollution control of the Panchganga River worth Rs 4 billion.The project entails the upgradation of Common Effluent Treatment Plants (CETPs) with advanced ZLD technology in the co-operative industrial estates of Ichalkaranji, Hatkanangale, and Yadrav in Kolh..

Next Story
Infrastructure Urban

SPML Infra Wins Rs 3.85 Bn Water Project Order in Rajasthan

SPML Infra, India’s leading water infrastructure company, has been awarded a prestigious Rs 3.85 billion project for the Water Production & Supply System for Kekri-Sarwar Sector Package-III in Ajmer, Rajasthan. The project, awarded under the Government of India's flagship Jal Jeevan Mission, includes a comprehensive 10-year Operation and Maintenance (O&M) contract.The Kekri Water Supply Scheme to be implemented under the Jal Jeevan Mission aims to upgrade and strengthen the water supply infrastructure for the Kekri-Sarwar region, while also enhancing the water production and distribu..

Next Story
Infrastructure Urban

Oswal Pumps' FY25 Income Rises 88.2% YoY to Rs 14,329 Million

Oswal Pumps, one of the most trusted name in the Solar Pumps manufacturing, announced its Q4 FY25 & FY25 results yesterday. The Board of Directors of Oswal Pumps at its meeting held on 10th July 2025 took on record the Audited Financial Results for the Financial Year 2024-25.Commenting on the results, Vivek Gupta, Chairman and Managing Director, Oswal Pumps, said, “On behalf of the management team at Oswal Pumps, I extend our heartfelt gratitude to the entire investment community for the overwhelming response to our IPO. We are truly humbled by the trust and confidence you have placed in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?