Can slums be ever erased from cities?
Rajiv Gandhi Awas Yojana is a welcome step because the government is actually talking about the removal of slums from cities for the first time. Slum is an urban phenomenon and there is money and thought going into solving that issue now. At least some thinking has started. In the next five-year plan, there will be a massive thrust on slum removal and a slum-free India through the allocation of a sizeable amount of money. Coming to HDFC, how does the road ahead look? Our business is growing though we have a huge denominator that’s growing. We will grow by about 20-25%. We have been saying 25-30% and in future we will go slower because our base is growing. The base now is around Rs 1 lakh crore. Can you tell what’s behind the 20-30% formatted growth… That’s mainly because we contain, control, limit our developer exposure. We have this 70-30 ratio. So one year, it’ll be 70-30, in another 65-35, 75-25, so on and so forth, where 60%-75% is in individual loans and the rest construction fi
