Preview

Different Types of Housing Finance Available to the Customers

Satisfactory Essays
Open Document
Open Document
435 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Different Types of Housing Finance Available to the Customers
A STUDY ON DIFFERENT TYPES OF HOUSING FINANCE AVAILABLE TO THE CUSTOMERS WITH RESPECT TO RAJAN ASSOCIATES.

AURTHOR

International Journal of Trends in Commerce& Economics
Volume1 issue 8 August 2012
Dr A Sajeevan Rao, Professor (Marketing) Bharati VidyaPeeth University, New Delhi Pushpendra Panwar,
Research Scholar, Singhania University Rajasthan.

ABSTRACT
This paper presents the review of the factor influencing the housing financing supply in Indian Economy. In particular, it finds those criteria which have become significantly important in motivating the choice. In the early 21 st century, the housing industry in India was one of the few sectors that was growing at a healthy rate of 28-30% in spite of the economic slowdown. A host of reasons were responsible for this growth, including favorable government policies, increased corporate activity, and above all, an increasing customer-base. During 2000-2002, the government had announced many industry-friendly policies; in addition, during the same period, real estate prices had also gone down across the country.

An Assessment of the Indian Housing Finance System: Crucial
Perspective

Mr. Ch. Hari Govinda Rao1, Dr. N. Apparao
(Research scholar, Department of Management Studies, Vignan's Institute of Information Technology, India)
2(Department of Management Studies, JNTUK University, India)

Abstract:

House is a centre and domestic device for mankind's moral and substance development ever since the dawn of civilisation. Housing is one of the most important that we human beings need. Adequate housing is essential for human survival with dignity. There are many things that we would find difficult, if not impossible to do without good-quality housing. Housing shortage is a universal phenomenon. It is more acute in developing countries. The housing dimension in India has been changing in recent years. India has initiated so many housing reform that has taken many forms and manifestations

You May Also Find These Documents Helpful

  • Better Essays

    Living today there are many things that affect the economy and vice versa there are many things that the economy affects. The major things that the economy affects are jobs in the airline, automotive, home building, and technological industries. The main reason is because when the economy is doing bad, these fields do not do so good either. They all depend on the economy staying in a good state, in order for them to stay healthy. In this paper I will show how the economy affects the home building industry. I will show the price elasticity of supply and demand, negative and positive externalities, how wage inequality is measured, and the monetary and/or fiscal policies that have affected the home building industry. The housing market is a business where people are buying and selling houses. This used to be done at a high rate. The housing market has since dropped. This is leaving the home builders uneasy. They do not want to build houses because they are not selling at a fast enough rateto keep up with the amount that they are building. It is also causing consumers to slow their buying on other goods. When people move they are also looking to buy new furniture, decorations, appliances, etc; if they aren’t spending all of their money on houses they don’t have to borrow extra money from the bank. This in turn loses money for them. The price elasticity of demand for the housing industry at the present time is elastic. Yes people do need a roof over their head, buy they do not have to buy an expensive house People have sought different avenues like renting a house or an apartment because the rates for rent are lower than a mortgage. There will always be a lot of house on the market, but when the prices are high there will be more. It is a buyers’ market right now, but there are many choices for the buy to choose from. Houses are being foreclosed on at an alarming right. These houses are not always in the best of shape, even if they are brand new, but you normally get…

    • 1376 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Those involved in the mortgage lending process have some duty to the borrower. They are expected to perform their specific duties in an ethical manner and have some form of direct or indirect contact with the client. Banks (Prime Market): Banks are lenders who generally handle all facets of the lending process through their own institution. They function differently from brokers in that they usually only service those clients with good credit ratings/scores of 700 or more. Mortgage Brokers (Sub-prime Market): According to HUD, the Department of Housing and Urban Development, mortgage brokers are involved in about sixty percent of all mortgage loan transactions. Brokers try to find the best loan for their clients by shopping their loan applications around to lenders who are willing to accept the clients credit package. Brokers generally service clients, known as B-C-D credit clients, with ratings/scores of 650 and below. In some instances, a major problem for borrowers is that a broker may work in the best interest of the lender as well. Furthermore, in some states they can act as brokers and lenders. Brokers can be considered dual agents. Brokers (1) originate loans using "table funding" provided by a pre-arranged buyer of the loan (2) originate loans using a line of credit from a bank/financial institution (3) originate loans using their own funds (4) bring the borrower and lender together in a transaction that they do…

    • 3069 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    Cih Level 3 Assignment 4

    • 3986 Words
    • 16 Pages

    Housing policy is usually analysed in economic terms, as a form of market. In theory, markets lead to efficient allocation through a complex process of matching supply and demand. This depends on competition, good information, the existence of multiple suppliers and the existence of multiple purchasers. In housing, this theory has limited application.…

    • 3986 Words
    • 16 Pages
    Powerful Essays
  • Best Essays

    It was discovered that housing supply does not meet up with demand. Life expectancy rate is increasing caused by demands of housing of one person per households. (Wendy,2010). From research it was discovered that 1.8 million households on English Local Authority housing registers a considerable level of overcrowding in the private and social housing standard. Education and health are affected by poor housing .However it limits the ability of people to move and find work. There is a need to increase the supply of housing to tackle affordability issues for social housing . Moreover the critical social and economic role that housing plays, has not been able to meet up with political profile of Education and Health.…

    • 3060 Words
    • 13 Pages
    Best Essays
  • Better Essays

    Final Project

    • 1941 Words
    • 8 Pages

    When the time comes in a person’s life to purchase a new home, they have accepted a decision that could be life changing. This decision can be difficult and is influenced by several different factors, such as the stability of the economy, the markets and types of goods that affect supply and demand, and the fiscal policies that could have an effect on the housing market. This decision has become even more difficult in recent times due to a less than favorable economy. Before a decision can be implemented, there must be some research and investigation done on the many factors that influence an investment as large as this.…

    • 1941 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    Oxfam Aging Paper

    • 4594 Words
    • 19 Pages

    Housing for the wealthier middle classes rises above the insecure housing of a slum community in Lucknow, India. Photo: Tom…

    • 4594 Words
    • 19 Pages
    Powerful Essays
  • Powerful Essays

    Transitional Housing

    • 4363 Words
    • 18 Pages

    Because we all know that, as a member of the preparatory group of the Commission on Poverty, in the past month to visit a lot of friends currently living in some of the board room,  room, also see their living conditions, I (Preparatory Commission on Poverty discussion of the group), some scholars, experts, they all feel the course, the construction of public housing is good, However, the construction of public housing need, you also often said, we come up with a lot of you say this is a "distant water "distant water may not be able to immediately increase the supply. If you have a ready-made buildings, government policies…

    • 4363 Words
    • 18 Pages
    Powerful Essays
  • Good Essays

    In the United States of America, there is and has been a problem of not having enough houses for families. Also, In some areas there are places where some houses or living quarters are just way too expensive for the low average to low income families. In this paper I will be talking to you about the problem, what causes this problem, and what the solution to it would or could be.…

    • 527 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Real Estate Demographics

    • 872 Words
    • 4 Pages

    Favourable Business Climate spurs the demand for Real Estate projects. The liberalisation of Indian economy in the 1990s brought a rapid influx of FDI in India. The entry and growth of IT and BPO industry generated rapid employment growth which increased the demand for housing.…

    • 872 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The 21st century mortgage crisis is certainly a key factor to the current financial catastrophe. There are multiple events that contributed to the downward spiral of the mortgage business. The crisis can be directly linked to the overzealous dreams of home ownership to the manipulation and failure of capitalism. What started out as mortgage bankers’ relaxed and deregulated approach to funding unqualified lenders has turned into an unprecedented mortgage crisis which has greatly impacted the global markets.…

    • 1178 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    Purchasing a Home

    • 1941 Words
    • 8 Pages

    Purchasing a home is unequivocally one of the hardest decisions someone will make. A home loan is a long term commitment and it is the best interest of the person to make sure this is the home they want. Location, size, style and price are all factors that should affect your decision whether to purchase a certain home or not. However, what factors will determine when the right time is to purchase a home and what indicators are there to tell you that financially this a sound decision? These are a lot of factors that must be researched before purchasing a home to ensure that the correct decision is made. This paper will discuss the factors that should be taken into consideration when purchasing a home to help avoid financial devastation.…

    • 1941 Words
    • 8 Pages
    Better Essays
  • Good Essays

    Buying a New Home

    • 1838 Words
    • 8 Pages

    This paper will address what to consider when buying a new home and what affects like marginal benefit, marginal cost, strength of the economy, domestic economy, and international trade, can have on situations and the conditions when making a decision to purchase a home. The principles of economics can directly relate to the purchase of a house, because you must consider all the possible affects your decision might have and the principles do a great job at helping you be more analytical with your decision and your reasoning to buy. When you consider marginal benefit to a home purchase you will be considering the benefit as a consumer you will have over the housing market of your choice in the area you live. If there are a lot of homes being built, but there is no one buying, your marginal benefit might be best in this market. This does relate to marginal cost because you will need to be aware of what your investment of time and money is or what your putting into the purchase of your new home. Now that the consideration of these key elements has been made noticed, we need to consider domestic economy and international trade. The better your assessment of the economy domestically and internationally, you can prepare and be more secure for the financial outlay of a long-term financial consequence.…

    • 1838 Words
    • 8 Pages
    Good Essays
  • Good Essays

    The recent global economic recession has generated many problems worldwide, such as increased unemployment, lack of consumer confidence and reductions in salaries and wages. in India, Delhi and Mumbai are among nine cities which have seen marginal increase in house prices in the July-September quarter with Kochi topping the chart, a latest National Housing Bank (NHB) survey showed on Friday. Prices in Delhi rose 3.8% from the previous quarter while Mumbai posted an increase of 0.5%. Kochi recorded the sharpest rise with a 10% increase in the September quarter.…

    • 518 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    In 2010, over 11 per cent of total FDI in India was in the real estate sector…

    • 3441 Words
    • 14 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Free Schemes in India

    • 976 Words
    • 4 Pages

    The ministries of Government of India had came up with various schemes time to time. These schemes could be either Central, State specific or joint collaboration between the Centre and the States. They are detailed below:…

    • 976 Words
    • 4 Pages
    Satisfactory Essays