DHFL great buy: Prakash Diwan

Prakash Diwan of Altamount Capital Management told CNBC-TV18, "Housing finance is what we think is changing into a very different paradigm of sorts. Couple of developments that have quietly happened. One is this real estate regulatory bill that has come in. It is like the neighbourhood has got safer with the cops station coming in and it makes people more comfortable buying houses, buying houses from the right guys and that is going to propel a lot of decision making. People who are sitting on the fence in terms of buying or going out and taking housing loans, buying houses, that is going to start."

"You will see a real change in inventory pickup in that segment. So, it is going to impact real estate positively but selectively. Transmission of interest rates is always something which spurs this decision again positively. So, that combination is going to be very good. We will probably wait for another two quarters but all these companies, GIC Housing , Can Fin Homes which are not as highly priced as LIC Housing or a Gruh Finance would benefit. DHFL for instance is a great buy," he said.

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