“We are one of the zero debt companies in real estate that has commercial as well as residential sales. We continue to have zero debt because sales are good, working capital cycles are good. Whatever debt is there, is in LRD, which is Rs 3,200 crore and some in hospitality.”
Tribhuwan Adhikari, CEO of LIC Housing Finance says risk management assumes greater importance now, given the volatility in the sector. The company will adopt a cautious approach when it comes to funding housing projects, he said.