Housing finance market overcrowded: Arundhati Bhattacharya

According to data shared by her, major cities having got a record inventory - the highest being 65 months in Noida and the lowest being 29 months in Hyderabad - highlighting the slump in demand

The number of housing finance companies has not only grown to more than 70 from 55 in 2012-13, but there are 80 more who are in the middle of starting their operations, said Arundhati Bhattacharya, former chairman of State Bank of India, while flagging this development as a concern.
 
“The growth rate of existing housing finance companies’ businesses have already come down. So don’t know how many more the market can accommodate,” she said at a conference, Affordable Housing, Liveable Cities, hosted by international magazine My Liveable City in Mumbai on Tuesday.
 
According to data shared by her,