Hyd Reality to Grow Faster Than Rest of India: L&T Finance Official

Hyderabad: Hyderabad real estate market has grown very well and will continue to grow a little faster than the rest of cities in the country, said Sanjay Garyali, chief executive, of Urban Finance, L&T Finance (LTF).

The builders in the city have mentioned that there will be growth of about 5-6 per cent more than the rest of India at least in the next year and the inventory overhang continues to be very low, so that’s a very positive thing for Hyderabad, he added.

“Telangana is a strong and stable market for financing projects. The state has a five per cent business share in our urban finance loan book and we expect to grow at 25 to 30 per cent in the next few years. As of now, we are operating in Hyderabad, and Warangal cities and exploring Karimnagar,” Garyali said.

The company launched a new offer ‘The Complete Home Loan’ along with Home Décor Finance. This targets home buyers seeking fresh home loans for both under-construction and ready properties. Hyderabad is an end-user market and has a mix of salaried and self-employed segments.