Delhi voted for change: Deepak Parekh

Top banker Deepak Parekh Tuesday described the victory of Aam Admi Party (AAP) in Delhi's assembly elections as a "vote for change".

"It is a change for which the people of Delhi voted," Parekh, chairman of Housing Development Finance Corporation told reporters on the sidelines of an event here.

"I think what has impacted Delhi elections is that in the last seven-eight months nothing changed there when it was under the L-G (Lieutenant Governor) role. It may have upset the people," he said.

According to Parekh, only time will tell how AAP delivers on its promises of cheaper power and access to water.

However, he said that AAP's landslide victory should not have any bearing on the stock markets.

Asked about his expectations from the upcoming budget, he pointed at the need to push for more investments.

"We need more investment on the ground level and what the government has rightly done is that they have cleared stalled project. I think cash flows will start coming in. We need new investments now," he said.