Scope for price wars in housing mortgage space exists: National Housing Bank

by Paul Joseph on October 23, 2012 · 0 comments

MUMBAI: Housing finance regulator National Housing Bank (NHB) today said there is scope for “further price wars” in the country’s housing mortgage space as demand continues to be robust. The NHB expects housing loans to clip at 20 per cent in the current financial year compared to 17 per cent observed last fiscal, especially after looking at the demand in the first half. “Going forward, we do not rule out further price wars amongst banks themselves and the housing finance companies also,” NHB chairman R V Verma told reporters at an event here. Pointing to the signs of heightened competition, he said, some banks have lowered interest rates on housing

[via India Properties – Real Estate India – Indian Property News Site]

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