Home loans shifting attention on smaller cities

By Accommodation Times Bureau

The market of real estate in metro cities which has always in great demand is now soaked. The story goes like this that the country’s largest loan lender company’s are now focusing on tier II and tier III cities. According to them smaller cities has 18-20% growth in loans during 2012-13. The real estate industry in India is deeply drilled and has witnessed extreme highs but also seen steadiness due to higher interest rates and high-end prices.

If analyst to believe the market in tier I city is very volatile and smaller towns is holding up well and will be a key growth. Contrary, they also say that home loans will mainly sustain by metros as compared to smaller cities. Hence, the finance companies are now garnering to mini cities. Big builders are now focusing attention to smaller cities as they are less prone to inconsistency of the economics up and down.

One of the major reasons of the lenders luring to small cities because there is income rising in these semi-urban areas, also the standard of living is raised many corporate are setting up campus in rich belts.

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