demand-fuels-rising-indian-property-prices

Demand fuels rising Indian property prices

HDFC chairman Deepak Parekh says India's housing market will continue to do well while prices are driven by real demand and banks follow conservative lending policies.
Deepak Parekh was part of a team that grew the Housing Development Finance Corporation HDFC into IndiaÆs largest housing finance provider. We talk to Parekh about HDFC and why housing finance in India is not vulnerable to the woes faced in the US.

Why did you choose to pursue a career in finance
After I finished my accounting degree, I entered the world of banking and did stints with Grindlays then Chase Manhattan Bank. I had been with Chase for three years and was running its branch office in India when my uncle and the founder of HDFC, the late HT Parekh, asked me to join a new business he was setting up....
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