Affordable Housing Finance

Real estate sector in the country saw a boom after the commercial banks opened up to housing loans around the year 2000. From the year 2000 to 2010 the industry grew rapidly, the focus of builders was primarily on luxury and high-end houses. The target segment had been the upper middle class.

 

However, with the slowdown in the industry there is now an increasing realisation that affordable housing is the new segment offering immense potential. The next housing boom is likely to come from this segment of the market.

To shed light on the highly anticipated boom in housing finance sector inline with government’s vision, IFI Summit 2017 presents session: Affordable Housing Finance, ascertaining where the future lies by the industry experts and veterans.

Government’s mission of ‘Housing for All’ (Urban) by 2022 envisages to address shortage of 20 million houses in urban areas, creating huge opportunity and providing the policy impetus. It will be impossible to achieve this ambitious mission without access to finance.

The construction industry and the financial institutions will have to re-align and re-engineer the products to effectively cater to this segment.

This session discusses about this re-alignment for addressing the housing need. The session will highlight the market potential, the emergence of new housing finance companies focusing on affordable housing, increasing focus of existing finance companies on the low-income segment, product innovations and the key challenges that impede the growth. The session would also discuss how HFCs are leveraging