The rural housing market in India has changed. Urbanization is creating development in previously forgotten parts of the country. As a consequence, India has had an undeveloped financial market, in the absence of any institutional lenders. Now not only have institutional investors finally set up shop, they are finally pioneering loan against property in rural areas. People in these parts have very little in the way of paperwork. The demographic earns irregularly, around which it’s difficult to set up a recovery schedules. For many, their only source of security might be immovables they can’t afford to lose, like cattle or craft tools. However, the more astute of financial services firms have found an easy way to get around changes in the pay routines. The firms who have excelled have done so on the back of offering affordable loan against property in rural areas, under whose aegis they could safely take their first step into financial inclusivity. To be in ...
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