New Delhi, Nov 19
Mortgage finance companies outside the banking sector are expected to see strong growth over the next two years, a new report said on Wednesday.
According to data compiled by Crisil Ratings, the assets under management (AUM) of non-bank mortgage lenders are set to rise by 18–19 per cent this fiscal and the next, matching the 18.5 per cent growth recorded last year.
However, the three key loan segments -- home loans, loans against property (LAP), and wholesale loans -- will grow at different speeds.
Home loans, which make up the largest share of the portfolio at around 59 per cent, will see moderate growth of 12–13 per cent this year and the next, slightly lower than the 14 per cent growth recorded last fiscal.