Guaranteed SEO Boost: Triple Your Rankings with Backlinks starting at 5$
Written by Jack » Updated on: November 19th, 2024
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Housing Loan Market.”
The TechSci Research report titled "India Housing Loan Market – By Region, Competition, Opportunity, and Forecast, 2019-2029F" predicts a robust Compound Annual Growth Rate (CAGR) in the India Housing Loan market. This growth is attributed to increased finance options, evolving societal standards, enhanced labor mobility, flexible repayment plans, and government initiatives.
The surge in urban population and a burgeoning middle class in India have heightened the demand for housing loans. Individuals are increasingly utilizing housing loan and EMI calculators to assess eligibility, driving the home-purchase process. The incentives provided to homebuyers, such as government initiatives and discounted stamp duty rates in some states, contribute to the rising demand for housing loans. Major housing finance companies have adopted modern business models, focusing particularly on the affordable housing sector, coupled with the digitization of processes to improve efficiency and customer experience, thus fostering the expansion of home loans.
Techsci Report: https://www.techsciresearch.com/report/india-housing-loan-market/15562.html
Despite a repo rate hike by the Reserve Bank of India (RBI) in 2022 leading to increased interest rates, the housing loan market remains resilient. Strong housing sales in major Indian cities continue to propel the market during the forecast period.
The India housing loan market is segmented based on type, customer type, source, interest rate, tenure, and region.
Type Segment:
The home purchase segment dominates due to the rising demand for ready-to-move-in houses, emphasizing convenience and accessibility.
Source Segment:
Banks are expected to dominate due to competitive interest rates and adherence to the MCLR model, attracting a larger customer base compared to HFCs regulated by the National Housing Bank.
Key market players in the India Housing Loan market include:
Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=15562
Customers can also request 10% free customization on this report.
The report underscores the growth drivers of the housing loan market, such as increasing demand among the middle class, higher purchasing power of the younger generation, cultural shifts toward nuclear families, government initiatives like Pradhan Mantri Awas Yojana, income tax rebates on interest repayment, and affordable mortgage rates. Mr. Karan Chechi, Research Director at TechSci Research, emphasizes that low-interest rates and growing urbanization will further fuel growth in the Indian home loan market over the coming years.
"India Housing Loan Market By Type (Home Purchase, Land/Plot Purchase, Home Construction, Home Improvement, Home Extension, Others) By Customer Type (Salaried, Self-Employed), By Source (Bank, Housing Finance Companies (HFCs)), By Interest Rate (Below 10%, Above 10%), By Tenure (Below 5 Years, 5 to below 10 Years, 10 to 20 Years, Above 20 Years), By Region, Competition, Forecast & Opportunities, 2019-2029F" evaluates the future growth potential of the housing loan market in India, providing comprehensive statistics and information on market structure, size, share, and future growth. The report aims to offer cutting-edge market intelligence to assist decision-makers in making informed investment decisions and identify emerging trends, drivers, challenges, and opportunities in the India Housing Loan market.
Get a Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=15562
About Techsci Research
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research's core values are value, integrity, and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high-value market research and advisory services that help them identify new market opportunities, growth engines, and innovative ways to capture the market share. As a result, TechSci's client leads rather than follow market trends.
Contact Us
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States - 10170
M: +13322586602
Email: [email protected]
Website: www.techsciresearch.com
We do not claim ownership of any content, links or images featured on this post unless explicitly stated. If you believe any content or images infringes on your copyright, please contact us immediately for removal ([email protected]). Please note that content published under our account may be sponsored or contributed by guest authors. We assume no responsibility for the accuracy or originality of such content. We hold no responsibilty of content and images published as ours is a publishers platform. Mail us for any query and we will remove that content/image immediately.
Copyright © 2024 IndiBlogHub.com. Hosted on Digital Ocean