Articles | Open Access | https://doi.org/10.55640/eijmrms-04-04-07

HOME FRONTIERS: BANKING ON MARKETING STRATEGIES FOR ACCELERATED HOUSING DEVELOPMENT

D. Chandrashekhar , Ph.D. Scholar, Cochin University of Science and Technology, Kochi, Kerala, India

Abstract

The demand for housing finance products has surged as rapid urbanization and population growth drive the need for affordable housing solutions. In response, banks have become pivotal players in facilitating housing development through innovative marketing strategies. This paper explores the diverse marketing approaches employed by banks to accelerate housing development, focusing on strategies such as targeted advertising, personalized financial products, and community engagement initiatives. By analyzing case studies and industry insights, we uncover the key drivers and challenges in marketing housing finance products and highlight best practices for banks seeking to catalyze housing development initiatives.

Keywords

Housing finance, Housing development, Marketing strategies

References

Asian Development Bank (ADB) (2015), Gender Mainstreaming Case Study India: Kerala Sustainable Urban Development Project, Kerala Sustainable Urban Development Project, Manila.

Asian Development Bank Institute (ADBI) (2016), Working Paper No.565, Tiwai, P. & Rao, J., Housing Markets and Housing Policies in India, April.

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Firos Khan, K C Sankaranarayanan, and Manoj, PK (2017), Retail Banking Thrust with a Focus on Housing Finance: Strategy for Faster, Inclusive and Sustainable Growth in Digital India. International Journal of Multidisciplinary Research Review (IJMDRR), Vol. 1, Issue 23, Jan., pp. 66-79.

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IFMR (2007), Housing Microfinance: Designing a Product for the Rural Poor, Working Paper Series No.19, Chennai, Nov.

IFMR (2015), Affordable Housing Finance Sector–Overview, Industry Analysis Report, IFMR Investments, Chennai.

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HOME FRONTIERS: BANKING ON MARKETING STRATEGIES FOR ACCELERATED HOUSING DEVELOPMENT. (2024). European International Journal of Multidisciplinary Research and Management Studies, 4(04), 42-49. https://doi.org/10.55640/eijmrms-04-04-07