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Housing finance has key role in making India $5 trn economy: Keki Mistry

For the housing sector, the authorities are aware of the strong linkages it has with the economy.

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housing sector | Housing Finance | Keki Mistry

Keki Mistry 

Housing plays a pivotal role for the long-term sustainable growth of any economy. For many of us, having our own home fulfils a long-sought aspiration. In the US, home ownership is a critical component of the American dream. It is a symbol of upward mobility and optimism.

It carries the notion that tomorrow would be a better day than today. That is why the effects of the subprime crisis in 2008 were so devastating - too many dreams were crushed. Thankfully, the US was able to recover from the crisis and get their economy back on track. People will go ahead and take a housing loan ...

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First Published: Mon, March 09 2020. 22:25 IST
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