The outsourcing boom compelled the service sector to seek more space to cater to growing demands. This, intern, has called the real sector to prosper and flourish. The inventories of corporate expenditure and pay packets in this service sector become heavy, which aided other sector to grow, and led to increasing Housing demands in city. The housing sector got and added fillip and the boom engulfed smaller town and city as well.
In recent years, Housing finance has acquired the shape of a big growth area for commercial bank. Today, as a disposable income of middle class is growing, they are not hesitating to take large loans to finance their houses and apartments.
New financial scheme "Reverse mortgage" have also been introduced to tap the full market potential.
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