Cracks in housing

SMARTSHARE

20,00,000 19,57,689 19,21,276 Tenure (months)240228216 ROI7.50%9.50%11.50% EMI16,11218,57521,101  WHEN TENURE CHANGES

Principal amount

20,00,00019,65,09219,61,684 Tenure (months)240427

INFINITE

EMI16,11216,113   This waiting game is likely to hurt the growth of housing companies, read banks, as this forms a significant chunk of their total income. Housing income accounts for around 30-35 per cent of the total income for ICICI Bank.  Apart from the buyer turning reluctant, we are also likely to see some tightening of norms by banks/housing companies themselves. Add to this the possibility of a higher delinquency and you have a stomach-churning scenario for someone in the housing finance business.  Let