Demand for housing finance has emerged as a key driver of bank credit in the past few years. As incomes grow further and the pace of urbanisation picks up, and, in view of the substantial backlog, demand for housing and housing finance can be expected to record continuous high growth over the next few years.
First, it must be noted that real estate brokers are already performing two (2) of these three (3) requirements, that is, CDD/KYC procedures and recordkeeping.