Forbes India – August 4, 2017

and policy thrusts by

the government, rising

urbanisation and increasing

nuclearisation of families as

reasons for the growth.

Ind-Ra also projects a

`20,000 crore equity inflow

between FY17 and FY

into the segment.

Many firms in the

realty redux

H i gH - f ly e r

Demand for Affordable Houses

Set to Explode in Five Years

The Changing Face of Domestic Travel

37%

Projected share of affordable

housing finance in the overall loan

book of housing finance companies

by fy22, up from 26 percent in

fy17, according to ind-ra

getty images; toP: abHijit Patil for f

orbes india

according to a recent

report published by India

Ratings and Research (Ind-

Ra), demand for affordable

housing will increase to 25

million homes in the next

five years, opening up a

market opportunity valued

at `6 lakh crore for housing

finance companies (HFCs).

The projected increase

in demand to 25 million

homes in the lower- and

middle-income groups

is four times the entire

housing stock financed

currently. The report cites

factors such as financial

A study by India Ratings projects that home loans in the low-cost

segment will become a `6 lakh crore opportunity for HFCs

Consumers are increasingly using online platforms to research, plan and book travels

housing finance market

have caught wind of this

trend towards affordability

and have started to

capitalise on it. New firms

such as Centrum Housing

Finance Ltd and Capri

Global Housing Finance

Limited, a subsidiary of

Capri Global Capital Ltd,

too, have already started

providing small loans to

home-seeking customers in

cities throughout India.

The Ind-Ra report warns

that these entrants must

be strategic in order to

compete with entrenched

incumbents. “HFCs which

can better blend modern

technology with on-ground

infrastructure and presence

will have an upper hand in

the market,” says Anand

Bhoumik, MD and chief

analytical officer, Ind-Ra.

—isaac Wolfe

Industry Growth

the indian domestic travel

market is expected to grow

at 11-11.5 percent annually

to reach $48 billion by 2020

MovInG onlIne

indians are increasingly using

online services to plan and book

travel, with the online hotel

market estimated to grow at

25 percent annually to

$4 billion by 2020

15 23

62

Expected value in 2020 ($ bln)

Average annual increase (%)

Desktops

Offline

Mobile (60 percent through apps and

40 percent through mobile websites)

Air

Travel^3015

Hotels 13 13

Railways 05 0

Booking

Platform

Usage (%)

A CoMplex Journey

consumers’ travel research spans multiple days and numerous

online locations

Duration of average

research cycle: 46 days

Total time spent on research:

49 mins

Travel touchpoints covered

while researching online: 17

Variables considered while

booking a hotel:^18

Customers who booked

hotel before transport: 77%

—masHad arora

Source: ‘Demystifying the Indian Online Traveler’ report by Google India and Boston Consulting Group (BCG)

Ind-Ra projects `20,000 crore equity inflow into the sector by FY

August 4, 2017 forbes india | 15