A Comparative Study of Gruh Finance and Other Housing Finance Companies of India

Abstract

In this 21st century where India has adopted liberalization. Now market forces determine prices of many things including houses, which is one of the basic needs of any society. Housing shortage which should have been reduced after 2 decades of liberalization, but on the other hand it has increase. In a way every government failed to provide one decent house to every family in India. There are many reasons for that to happen, in a developing country like India. In this research paper, researcher has tried to focus on Housing Problem and the role of NBFC, like GRUH Finance Ltd. GRUH finance Ltd is extensively discussed because Gruh is one of very few NBFCs who has focused its work in small towns in India. It has been giving loans to people how does not have any formal income proof. Majority of its loans are in a town with less than 50,000 population. Financial performance of GRUH Finance Ltd has been analysed. This paper also shows how other housing finance companies are performing in last 10-12 years. Some parameters used to study the performance of the company are tailor made to know the performance batter.