Mumbai’s status as the financial capital of India is because of the dominance of its two stock markets – the NSE and the smaller BSE – and the power of its banking sector. Mumbai's Property & real estate market is growing thanks to aggressive home-loans by banking sector. Most new customers in Mumbai, are helped through the whole process of home loan by home loan counselors or home loan advisors at the home finance institution. In India, it is not difficult for even middle-class families to get a home loan nowadays.

There are, at least, thirty banking and finance institutions offering home loans and the market is increasingly becoming a competitive one. The interest rates offered also vary, depending on factors like age of the consumer, total family income, tenure of the loan, other assets held and credit-worthiness, judging from past transactions.

For a new home loan, the home finance company is likely to be a little extra careful, because he/she is yet to prove his credit-worthiness. The applicant may find that it takes a little extra time to get the home loan sanctioned, compared to those who have taken loans from the same company before.