Tier-II cities to fuel 19-20% annual growth in affordable housing finance by FY28
Affordable housing finance companies are projected to grow their assets at 19-20% annually through FY28, according to a recent report. This growth is primarily expected to be driven by rising demand in smaller tier-II cities, improved housing affordability, and financing needs of small businesses. While home loans are anticipated to expand steadily, loans against property are forecast to grow at a faster pace. However, lenders are exercising caution on smaller ticket-size loans due to stress experienced in that segment in the past.
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