New Delhi
According to a report released by CARARAGE ratings, the individual housing finance market in India, which is currently priced at Rs 33 lakh crore, is expected to increase to Rs 77-81 lakh crore from the compound annual growth rate (CAGR) between FY 25-30.
The market of residential properties remains on boom
Carey ratings believe that this growth will be seen due to strong structural elements and favorable government incentives, making ‘Housing Finance’ an attractive asset for lenders. It states that the market of residential properties remains on boom, a major driver of the housing finance industry, which is seeing a 74 percent increase from 2019 to 2024 to 4.6 lakh units. Whereas, sales performance became normal in 2024.
Housing finance companies increase by 12 percent
During FY 2021-24, banks have increased the Housing Loan Space with a CAGR of 17 percent, while housing finance companies (HFCs) have increased by 12 percent. However, banks have dominated the housing loan market with a market share of 74.5 percent by March 31, 2024. Carey ratings believe that both banks and HFCs have enough space to grow in view of the growth capacity of the housing finance market. By 31 March, 2024, HFC’s market share was stable at around 19 percent and it is expected to continue the trend.
12-14 percent of CARAEGE ratings in accordance with development estimate
In FY 24, HFC’s loan portfolio rose by 13.2 percent to Rs 9.6 lakh crore, in line with the growth estimates of 12–14 percent of the care-up ratings. For FY 2025 and FY 2026, CARAMARAGE ratings have expected an annual increase of 12.7 percent and 13.5 percent respectively by strong equity flow and capital reserves.
HFC works in ticket size of less than Rs 30 lakh
The retail segment remains a primary development driver for HFC, while a vigilant increase in the wholesale sector has been observed. Geeta Chanani, Associate Director of CARAIAGE Ratings, said, “HFCs mainly work in ticket size of less than Rs 30 lakh, which was 53 percent of the total AUMs by March 2024. However, there has been a gradual increase of 23 percent to 27 percent in the ratio of ticket size AUM between Rs 30-50 lakhs and there has been a decline in the ratio of AUM less than Rs 30 lakh between 31 March to 30 September 2024. ”
Deep-tech innovation will help India to become a 10 trillion $ 10 economy
India is moving forward with a large value towards becoming a $ 10 trillion dollar economy. Along with this, the country is also going through the ecosystem-structural change run by deep-tech innovation from software-lad technology ecosystem. This information was given in a latest report on Thursday. According to a report by Threonnfor Capital, government -backed initiatives such as ‘Fund of Funds’ of Rs 10,000 crore, semiconductor Mission (ISM) and National Deep Tech Startup Policy (NDTSP) of India reflect commitments to promote the Frontier Tech Innovation and Commercialization. India is a major player in the global semiconductor design space, which employs about 20 percent of the world’s semiconductor design engineers, about 125,000 professionals. National Research Program, University Incubator and Corporate R&D are strengthening talent retention and development. The report stated that India is ensuring technological development supported by a strong pipeline of researchers, engineers and entrepreneurs with strategic skills manufacturing.
Pranav Pai, founder partner and chief investment officer of Thrivanfor Capital, said, “India’s deep-tech sector is maturing as a policy-supported and globally relevant opportunity.” While the foundation is strong, deep-tech innovation will need continuous capital, ecosystem cooperation and patience execution to convert to commercially successful, globally into competitive businesses. ” Pai said that India is in a decisive phase, a phase where disciplined innovation and long -term commitment will define its leadership in AI, semiconductor and clean mobility in the next decade. According to the report, 70 percent of the new commercial vehicle in India is estimated to be ‘EV’ by 2030, so the main challenges are to increase charging infrastructure and battery efficiency. The report said, “With $ 10 billion in government incentives and strategic public-private partnership, the country is strengthening its fabless design and semiconductor manufacturing ecosystem.