Archive · 25 Jul 2025
Deepak Parekh Advocates for More Middle-Class Housing
Deepak Parekh, a prominent figure in finance, wants more attention given to housing for middle-class families.
He thinks the housing market is mostly focused on expensive homes, while there's not enough focus on affordable ones.
He sees a big opportunity because India's middle class is expected to grow.
He also hopes things will get better for businesses and that banks will help companies that lend money to people, like those building houses.
Deepak Parekh emphasizes the need for increased focus on middle-class housing.
He stated that the housing market is skewed towards premium and luxury sectors.
Parekh believes the supply to middle-income and affordable housing has diminished.
India's middle class, estimated at 750 million by 2030, presents a significant opportunity.
Parekh anticipates improved urban demand and potential for enhanced NBFC support.
- Who
- Deepak Parekh, Chairman HDFC Asset Management Co and former chairman of HDFC Bank.
- What
- Deepak Parekh calls for more focus on middle-class housing.
- When
- At the FE Modern BFSI Summit.
- Where
- Not explicitly mentioned.
- Why
- He believes the current market is skewed towards luxury sectors, and the middle class represents a large opportunity.
- Speaker
- Deepak Parekh
- Title
- Chairman HDFC Asset Management Co
- Previous Role
- Chairman of HDFC Bank
- Event
- FE Modern BFSI Summit
- Focus
- Middle-class housing
- Middle Class Population (by 2030)
- 750 million