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The housing finance industry has witnessed a 23 per cent jump in the first half of 2014, according to a statement from MCHI-CREDAI Property Expo.
The housing demand has also witnessed 23% growth year-on-year, it said.
This has led banks and housing finance institutions to take various initiatives to actively target the end user. The banks and housing finance institutions had offers that would suit every pocket and most of them made their presence felt by offering the best deals to the discerning home buyer, the statement said.
Usha Khamkar, GM, Retail Banking - Bank of Baroda, “Home loans have grown at a rate of 23 per cent year-on-year and even customers from 2-tier and 3-tier cities are now actively approaching banks for loans to purchase their dream homes.”
“At Bank of Baroda, we are offering the same rates of interests to both our own customers as well those who are not account holders of our bank. We also pass on all the benefits to the home owner in case of any change in the interest rates as soon as there is a change,” she added.
The Maharashtra Chamber of Housing Industry (MCHI-CREDAI) is a recognised body of Real Estate Developers in Mumbai and MMR with a membership of 1,800 developers.
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