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The mortgage industry, also known as the housing finance industry is one of the most promising sectors of India of the past decade.Mortgage Financing industry, which is primarily known as the housing finance industry in India was estimated approximately at US $ 18 billion.
A significant change in the structure of the mortgage industry is being marked in the recent years. Presently the banks are gaining market share in direct housing finance segment. From estimation it is found that the share of commercial banks in the direct housing finance segment has increased from 27% in FY 2000 to 57% in the FY 2003.
The industry sources has reported that, 8 to 10 percent of the market share that foreign-owned banks have in the industry, Citibank has 5 percent share, followed by Standard Chartered and HSBC with about the 3 to 5 percent.Presently Housing Development Finance Corporation (HDFC) is the market leader followed by State Bank of India (SBI). The Industrial Credit and Investment Corporation of India (ICICI) Bank and the Life Insurance Corporation (LIC) Housing Finance Limited also have significant market share.
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Home Loan Disbursement In India
The home loan disbursement by the banks and housing finance companies has increased from Rs.29359.29 Crores in 2001-02 to Rs.51672 .7 Crores in 2002-03.
In 2006/07, more than a dozen developers hit the market with equity issues, but most stocks still trade near or below their offer price.
Oberoi Realty, Raheja Universal and Prestige Developers as the companies more likely to hit the market, given their medium-size offerings and strong presence in a single key property market.
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