Real Estate Financing

Contents: Acknowledgements. 1. Introduction. 2. Theoretical framework. 3. Lenders and borrowers of construction finance. 4. Lenders and borrowers of housing finance. 5. Summary and conclusion. Appendices. Bibliography. Glossary. Epilogue. Index.

"Real estate, an age-old economic activity has been recently perceived as an organized industry. An imperative part of infrastructure, it plays a catalytic role in ensuring prolific and sustainable growth of an economy.

The Indian real property sector has undergone radical transformation since 2000. With the globalization of country\'s economy, the demand for residential as well as commercial space has grown heavily. In order to match this growing demand, more and more builders and developers are gearing up in the market along with a large number of banks and financial institutions providing sophisticated and tailor-made products to realtors and consumers. The sector has grown into a $20 billion industry and is expected to grow to $102 billion in the next 10 years.

Making a significant contribution to the scarce literature on the subject, the present study provides a better and closer understanding of the working of the Indian real estate financing system--the availability of funds, the procedures and practices involved, and the problems faced by various stakeholders. Through an empirical analysis of the current scenario, the study builds the ground for framing future strategies and policies and offers innovative ideas for potential investors." (jacket)