Bajaj Housing Finance Sees Strong Growth, Plans Expansion

Bajaj Housing Finance IPO sees strong investor response. Company expects 12-15% credit growth in housing finance. India's mortgage penetration lower than other developing economies.

Bajaj Housing Finance, the third company from the Bajaj Group to be listed, has witnessed an overwhelming response from investors during its IPO. The company, which is India's second largest HFC and the largest non-deposit taking one, aims to contribute to India's credit growth and enable greater access to finance. Sanjiv Bajaj, the company's chairman, highlighted the strong growth witnessed by the mortgage lender, attributing it to the robust pace of economic expansion. He further anticipates this trend to continue, fueled by the increasing demand for affordable housing, stating that 'the demand for affordable housing will be 'far more as we grow'.

Source: See steady credit growth at 12-15% in housing finance business, says Sanjiv Bajaj