National Housing Bank’s regulations for the Housing Finance Companies also follow similar approach. Banks and CRE & housing 14. CRE and Housing finance as a financial service is relatively young in India and has witnessed massive growth particularly over the last twenty years.
Banks became major players in the Indian mortgage market only from the late 1990’ and are now one of the largest mobilizers of households’ savings and housing finance. The Indian banking sector has an expansive reach and is well geared to serve all segments of the society, including the underprivileged. 15.