Despite a slowdown in home construction and falling real estate industry, the housing finance industry expects a 10 percent rise in the disbursement of loans in 2008-09 from what it was in the previous year. This has become possible on account of the excellent performance shown by the industry in the first half of the current financial year, an official of a top bank conclude.
Reduction in interest rates is bearing no impact on housing demand, however, experts are hoping to see a rise in the demand near the end of 2009. The housing finance industry grew as much as 25 percent in 2006-07, while it slowed down to about 15 percent in 2007-08 owing to a rise in real estate prices and home loan rates. | 
