ETRealty-Housing finance market to grow at 15-16% CAGR through 2029-30: CareEdge
The housing finance market, valued at around Rs 33 trillion, is expected to grow at a CAGR of 15-16 percent between 2024-25 and 2029-30 to Rs 77-81 trillion, CareEdge Ratings has asserted.
CareEdge Ratings believes that this growth will be driven by robust structural elements and favourable government incentives, making housing finance an attractive asset class for lenders.
The rating agency said that the residential properties market remains buoyant, a key driver of the housing finance industry, witnessing an absolute growth of 74 percent since 2019 to 4.6 lakh units in 2024.
