How HT Parekh applied his business instincts for a societal need.
At a time when housing was viewed primarily as the government’s responsibility, H T Parekh believed that the private sector should contribute to the vast housing needs of the country. At 66 when most people contemplate retirement, H T Parekh started work on his dream and passion project – “A home for everyone” to enable anyone to own a home at the beginning of their career rather than at its end. In October 1977, Housing Development Finance Corporation Limited (HDFC) was born to meet a social need while making it sustainable – proving that the two need not be mutually exclusive.
H T Parekh’s choices of what to support were deeply personal and driven by where he saw the greatest opportunity.