Mr Harshil Mehta
“The year 2016 has been a significant year for the housing finance sector with a supportive regulatory environment that rolled out various policy measures. The government’s initiative under “Housing For All by 2022” has heralded a new era in the housing sector. It is expected to provide the much-needed fillip to the real estate and housing finance industry by expanding credit flow and home ownership. The sector is set to reap benefits of these stellar initiatives in the coming years.
The (affordable housing) segment has witnessed steady progress over the current fiscal, which has contributed to domestic growth and social upliftment of citizens. We expect this trend to continue in 2017 as housing finance companies with strong presence in Tier 2 and 3 towns and cities look to introduce novel customer friendly schemes to serve a growing customer base.
New age technologies and innovation will play a key role in defining the future of housing finance segment thereby giving the sector the impetus to reach a larger set of customers. Embracing interactive technologies (Mobile Apps, Social media, Geo-localization software) will help in not only market segmentation and expansion but also in reaching out to customers with tailored products according to their financial needs.”
