HDFC keen to contribute to govt's Rs 20,000 cr realty fund: Deepak Parekh

"This fund, in which the government will put in Rs 10,000 crore and a similar amount will come in from public and private sector institutions, is a path-breaking move"

Making a strong case for supporting developers to help them come out of crisis, eminent banker Deepak Parekh said the government incentives have helped the affordable housing sector gain traction but homebuyers now clearly want "right developers, right price, right size and right financier".

Parekh, chairman of housing finance major HDFC Ltd, also said the government's proposed Rs 20,000 crore fund will help the realty sector in a big way to get their pending projects completed and his company is very keen to contribute to this fund.

Asked whether he would also like to join the board to help manage this fund