Mortgage Insurance Companies
Till the economic renaissance of India in the early 1990s, the Indian mortgage insurance companies were under unorganized industry sector. The main business activity of these mortgage insurance companies entails facilitating financial loans to the borrower against any valid insurance he had bought. The government of India liberal economic policy in the early 1990s facilitated growth of the manufacturing industry in India which further propelled the growth of infrastructure industry in India. Furthermore, with the growth of infrastructure industry in India the the Indian mortgage financing company witnessed tremendous growth.
Today, the organized mortgage insurance companies of India are registering astronomical growth and it is estimated to be US $ 18 billion industry. Huge real estate requirements in India and its subsequent development has fueled its growth. The mortgage insurance companies of India could break open from its age old image of being housing mortgage facilitator only.
Until 2000 there were not too many mortgage insurance companies in India, but with the opening of the insurance sector of India this industry saw tremendous growth. Some of the well known mortgage insurance companies of India are as follows -
Although, size of organized mortgage sector account only for 25% of the total housing investment in India and is consistently registering 20-50 % growth on year-on-year basis from 2000 onwards. This industry is heating up and there is a mad rush for credit and the market is growing at a lightening pace. This has seen the investment in housing has grown steadily over the past years as the proportion of outstanding housing loans as percentage of GDP increased from 3.4 per cent in 2001 to 7.25% by 2005. Further, the of government of India decision to raise the ceiling on FDI on Indian infrastructure industry has propelled its growth.
Last Updated on 5/26/2011
Today, the organized mortgage insurance companies of India are registering astronomical growth and it is estimated to be US $ 18 billion industry. Huge real estate requirements in India and its subsequent development has fueled its growth. The mortgage insurance companies of India could break open from its age old image of being housing mortgage facilitator only.
Until 2000 there were not too many mortgage insurance companies in India, but with the opening of the insurance sector of India this industry saw tremendous growth. Some of the well known mortgage insurance companies of India are as follows -
- LIC Housing Finance
- HDFC
- ICICI Home Finance
- ICICI Bank
- HDFC Bank
- SBI Housing Finance
- UCO Bank
- Allahabad Bank
- United Bank of India
- Kotak Mahindra Bank
- Citi Bank
- Standard Bank
- HSBC
- Amusement parks
- Bowling centers
- Casinos
- Auto care centers
- Auto dealerships
- Car washes
- Parking garage
- Truck terminal
- Conveniences stores
- Distribution centers
- Fitness centers
- Franchises
- Funeral homes
- Gas stations
- Golf courses
- Malls
- Retail (anchored, single tenant, unanchored)
- Mobile home arks
- Movie theaters
- Resort
- Restaurants
- Hotels
- Motels
- Hospitals
- Medical clinics
- Medical offices
- Nursing homes
- Rehabilitation facilities
- Skilled nursing facility
- Special purpose property
- Child care centers
- Independent living facilities
- Mixed use properties
- Single family
- Offices (multi-tenant, single tenant)
- Warehouse
- Industrial parks
- Industrial buildings
- Land developments
- Mini warehouses
- Office buildings
- Outlet centers
- Educational institutions
- Training institutions
Although, size of organized mortgage sector account only for 25% of the total housing investment in India and is consistently registering 20-50 % growth on year-on-year basis from 2000 onwards. This industry is heating up and there is a mad rush for credit and the market is growing at a lightening pace. This has seen the investment in housing has grown steadily over the past years as the proportion of outstanding housing loans as percentage of GDP increased from 3.4 per cent in 2001 to 7.25% by 2005. Further, the of government of India decision to raise the ceiling on FDI on Indian infrastructure industry has propelled its growth.
Last Updated on 5/26/2011