AMSEC Initiates Coverage of India's Affordable Housing Finance Sector

AMSEC has begun coverage of India's affordable housing finance companies, a sector poised for significant growth. The affordable housing loan market in India is currently valued at ₹13 lakh crore, with housing finance companies (HFCs) holding a dominant 53% share. This segment is expected to grow rapidly, driven by government initiatives like the Pradhan Mantri Awas Yojana and rising demand from tier-III and -IV cities.

 

Affordable housing finance companies (AHFCs) are projected to experience substantial growth, with their assets under management (AUM) expected to increase by 22-30% annually over the next few years. Key players like Aavas Financiers and Aptus Value Housing Finance are expanding their presence in this space, leveraging their operational efficiency and strategic partnerships to maintain market share amidst increasing competition from scheduled commercial banks.

 

Source: Financial Express, Crisil Ratings, BloombergQuint.