Comparative study of institutions offering home loans

Type :

Indian project

Pages :

40 pages

Format :

.doc

Published date :

05/27/2009

Category :

Economics & finance

Sub category :

Finance

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Summary :

Executive summary
Company profile
Objective of the study
Major players in the field of housing finance
Details of loan transfer cases studies (Analysis)
Trend analysis of financial institution offering home loans
Result and suggestions
Limitations
Appendix
Bibliography

Abstract

Housing finance is one of the industries which are driven by ups and downs in the real state industry. Although there has been an upsurge in the demand for the home loans in the recent past, it has not translated into a stupendous performance by the housing finance companies (HFC's).the housing finance industry is important from the point of view of over all development of the economy .Housing is being increasingly viewed as being important for over all infrastructural development in the economy. The national housing policy reflected the trust ,the government wished to give to the housing sector and pointed out that housing was not merely a consumption expenditure ,but also a productive investment which would provide economic activity and create a base for attaining several national policy goals such as providing shelter and raising the quality of life . It specifies the interest rate to be followed in lending and borrowing, income recognition & prudential norms, borrowing limits & audits to the finance cos .In spite of such figures there is an urging need on the part of management to keep close look on financial institutions offering loans. comparative study of financial institutions that is exactly what our project aimed at. To give our project a more structured look we had taken certain parameters .This provides us a clear picture regarding the financial institutions. In addition to the above proper analysis was done with the help of certain financial tools.

H.D.F.C was set up on 17th October, 1977 by I.C.I.C.I. out of the consideration that a specialized institution was needed to channel household savings as well as funds from the capital market into the housing sector. H.D.F.C. has emerged as the largest mortgage finance institution in the country. The primary objective of H.D.F.C is to enhance residential housing stock and promote home ownership. One of its major objectives is to increase flow of resources for housing through the integration of housing financial institutions with the domestic market.