HFCs have led the rate of credit growth in the Indian mortgage finance market to around 18% in 2010-2011, and is anticipated to maintain the same in the coming years, says RNCOS.
Noida, UP -- (SBWIRE) -- 05/09/2012 -- India is blessed with one of the fastest growing real-estate markets in the world. It is not only attracting domestic real-estate developers but also the foreign investors; particularly, the NRI investments in India have a bulk of their share in the Indian housing market. With the entry of numerous real-estate developers, housing industry in India has witnessed stupendous growth to support the various industry verticals like faucet market, switch market etc. to grow. According to a latest report by RNCOS, the overall switch market in India is expected to grow at a CAGR of around 9% during 2011-2014.
With prices of property reaching zenith in India, several banks are also coming by with home loans to support people, as per it’s the latest report by RNCOS, “Indian Housing Sector Analysis”. Real-estate agents and property dealers direct the customers with appropriate home loan scheme in their pursuit to owe their dream house. In most of the cases, agents arrange for home loan schemes from reliable banking organizations. Various factors like stable operating environment, buoyant property prices, and the continuance of attractive interest rate schemes (with teaser rates) offered by both banks and HFCs have led the rate of credit growth in the Indian mortgage finance market to around 18% in 2010-2011.
According to our analysis, the share of HFCs in the mortgage market has been growing. Looking at the present conditions, HFCs are also estimated to sustain their market share on the strength of their focused approach, targeting of special customer segments, relatively superior customer service, and significant growth plans.
The report also entails detailed analysis of the housing segments in India, including affordable housing, medium housing, and luxury housing. Detailed analysis of the industry verticals of the housing industry have also been taken into account. Additionally, the report sheds light on the emerging industry trends, and market structure along with current and past market performance of the Indian housing industry. A snapshot of key players’ profile including their business description along with their recent activities is surely to feed clients adequately with all the necessary information prior to an investment.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM013.htm
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