04.12.2012 - India: Affordability of property declines for new home buyers: Icra
Housing finance penetration has remained stagnant over the past five years according to a report by ratings firms Icra. The penetration levels are far lower than those in developing economies. "Housing Finance penetration in India increased from 4.5% as on Mar-04 to 7% as on Mar-07, however has remained at these levels over the last 5 years. This figure is however significantly lower than the penetration rates in developed countries" the Icra report said...............................................Full Article: Source
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