According to State Bank of India’s economic research report “Ecowrap”, India’s home loan market is currently valued at about ₹24 lakh crore and it is expected to double (₹48 lakh crore) in the next 5 years.
The share of ‘Housing Loans’ in ‘Bank Credit’ has increased to 14.4% in June 2022 from 13.1% in March 2020.
The total home loan portfolio grew by 10% in FY22 in tier-3 and tier-4 areas, faster rate than tier-1 and tier-2 districts.