“Indian corporates will start becoming buyers of assets rather than sellers,” Amit Thawani, head of India coverage investment banking at Nomura, said in an interview with Bloomberg Television on Thursday.
HDFC Bank will now be a key stakeholder in Griha Pte, the Singapore-based private fund manager which is a foreign step-down subsidiary of the Housing Development Finance Corporation.
The Reserve Bank of India has raised its repo rate – the benchmark for most home loans taken since October 2019 – by 250 basis points since May last year to quell rising prices.