The home loan market in India is estimated at around $300 billion. This represents a mortgage-to-GDP ratio of 11%, which is relatively low compared to other countries, especially developing Asian countries. The housing finance market is expected to grow to $750 billion over the next five years, according to Aavas Financiers’ FY22 Annual Report.
Housing finance is a highly non-penetrated industry, providing a sizable growth path for Aavas Financiers. So far, the company has been able to take care of its asset-liability record, which has helped them manage the difficulties of the NBFC and Covid crisis. Will this situation continue as the country’s loan book grows? The home loan market in India is estimated at around $300 billion. This represents a mortgage-to-GDP ratio of 11%
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