Management of Housing Finance Companies  in India in the Emerging Scenario: Some  Competitive Strategies

Dr. Manoj. P. K; Dr. L N Dash

Volume : II, Issue : IV, April - 2013

Management of Housing Finance Companies in India in the Emerging Scenario: Some Competitive Strategies

Dr. Manoj. P. K, Dr. L N Dash

Abstract :

It is well recognized that housing has got immense potential for economic development of any nation, apart from its social development role. The vast forward and backward linkages of housing enable it to promote rapid economic development. The fact that housing is one of the primary requisites of human life itself underlines its significance in a welfare state from the social perspective. Housing development used to occupy a prominent place in the policy decisions and budget outlays of the Governments, particularly those of developing nations, because of its vast potential for socio-economic development. In the ongoing reforms era in India, the aggressive entry of commercial banks (CBs) into the retail housing finance market has resulted in the gradual decline in the relative market share of housing finance companies (HFCs). In view of the ever-growing competition, this paper seeks to suggest a few strategies for the survival and growth of HFCs.