Recruitment Trends In Housing Finance Sector In India 2017

By Author: shaily ajmera
Total Articles: 11
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Housing Finance is a high-flying sector these days and is tipped to grow at a phenomenal 36% P.a. Banks and financial institutions have brought sea changes in their strategies and there is the shift from “seller’s market” to “buyers market”. Liberal tax incentives by the govt, low and competitive interest rates for housing finance has made housing finance sector as the red-hot sector.

Broadly, the providers of housing finance are categorised into three categories:

(1) Housing Finance Companies (HFCs),

(2) Banks and

(3) Housing Co-operative Societies
Housing Finance Companies are losing their traditional dominance to Commercial Banks. With rising demand for mortgages and growing incomes, banks began to focus on rapidly building their mortgage portfolios and now have the larger market share, providing funding to about 75% of the market.The several factors responsible for the growth of this sector. These include Continuously rising demand, affordability of real estate, rising level of disposable income, increasing competition, lowering interest and Government policies. The Housing Finance ...
... Companies and Indian Commercial Banks control 90% of the market.

The shift from “Traditional India” to “Modern India” surely will bring more demand for housing finance. If we look at the Mortgage to GDP ratio it is up to 2% only whereas in advanced countries it is up to 51%, so there is an ample scope for growth in this sector. These are some of the indications which signal bright future for the housing finance Industry.

Recruitment Trends in Housing Finance Sector

Housing finance is one of the leading employment generating industries of the Indian economy. A jump in talent demand is seen in the year 2017. Talent acquisition teams or individuals are required to show their creativity, speedy execution, leadership skills, communication and convincing skills to hire talent in this industry.

Trends That Will Impact The Housing Finance Sector:

- More Jobs
- Support Roles
- Metros To Lead
- Talent Retention
- Solution To Skill Shortage

Conclusion

Skillventory is specialised in analysing the housing finance market. We can show you how to hire top talent with the complete understanding of external factors, how changes will affect your organisation and deliver strategic direction to ensure you remain a highly competitive and highly attractive employer.