Positive momentum continues to gather steam, and the residential realty and home-financing sector, too, have begun to show signs of revival, due to rising consumer income, stable property rates, record low interest rates and concessions such as stamp-duty cuts. What does the future look like for the mortgage industry?
Owing to the global pandemic and the resulting nationwide lockdown, most business and lending activities were suspended. The housing finance sector experienced flat growth in the quarters ending March, June, and September this year. However, a steep recovery was observed towards the end of the third quarter, as Covid-induced uncertainty made
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