Non banking finance companies entered into realty market
Housing finance is a preferred market choice for many of the non banking finance companies. These finance companies provide loan for the builders as well as they are considered good option for home loans.
It is noticed that the residential price index has a rising curve in the tire 2 cities while it is decreasing for most of the metro cities in India. Hence the investors are looking into investing in the tire 2 cities at present.
Shriram housing finance, Muthoot Housing, L&T Finance are few of the non banking finance organization operating successfully in India.
The main focus of these banking companies cater on smaller towns. Also, these companies found their best market are in the Tire 2 cities, not in metro cities.
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Source : My digitalFc
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