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NEWS

31
Oct
2017

Maharashtra accounts for 30% of housing loans portfolio of HFCs: ICRA

The report further revealed that share of housing loans in the overall HFC portfolio has seen a slight decline in the last three years. Among all states and union territories, Maharashtra holds the highest share of the housing loan portfolio of Housing finance companies (HFC)s, according to a recent report by ICRA. Maharashtra holds around 30% of HFCs’ housing loan portfolio followed by Delhi-NCR and Tamil Nadu with 11% share each. “The housing loan portfolios of HFCs remain geographically concentrated with Maharashtra, Delhi/NCR, Tamil Nadu and Karnataka accounting for 61% of the portfolio as on March 31, 2017, driven by the volumes in the mega cities of Mumbai and the metropolitan region, Delhi and surrounding cities of Noida and Gurgaon, Chennai, and Bangalore respectively,” said Supreeta Nijjar, vice president (Financial Sector Ratings), ICRA.
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