The Indian mortgage industry is a saga of great opportunities, tremendous growth and wonderful returns over a period of time. The sector has witnessed a significant double digit growth of almost 30% over last 3 years though the same is expected to be lower at 20% during 2007-08 due to rising interest rates and a slight correction expected in the property market especially in B and C segment markets and centres. According to a study conducted by CRISIL, India, the slower growth reflects the impact of rising property prices and interest rates. The interest rates have touched almost 12% floating and more than 13% fixed, highest since the year 2003 and 2004.

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