29 Aug , 2022 By : Monika Singh
The ratio of housing loans to the gross domestic product (GDP) has risen to 11.2% in FY21 from 6.8% in FY11, indicating an ever increasing demand for housing.
The housing loan of banks grew from Rs 3.5 trillion in FY21 to Rs 15 trillion in FY21.
State-owned banks remain the dominant player in the segment, with 61% of the total housing loan portfolio of scheduled commercial banks.
The home loan portfolio of housing finance companies grew to Rs 7.1 trillion in FY21 from Rs 3 trillion in FY14.
They account for one-third of the total housing loan disbursements in the country.
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