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CareEdge Research Report
The growth for the housing finance segment gained momentum last year with the sector growing at 11% YoY backed by low-interest rates and improvement in the overall macroeconomic situation.
While banks continued to dominate the housing finance space, the housing finance companies were able to regain some of their lost share in FY22.
Growth in the large prime was supported by both retail as well as the wholesale segment. However, the loan against property segment dominated the disbursements for the affordable.
Going forward, we expect growth momentum to continue and the HFC portfolio to grow at around 12% YoY in FY23 driven by the steady growth in disbursements and improving macro-economic environment. In terms of profitability, high credit costs primarily on account of builder book continued to be a drag for the prime segment.
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