Note: Lender: revenue is total income (interest earned plus other income) as Screener reports it; standalone figures (Screener's consolidated page lacks FY25-FY26)
Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Where it fits
Lends to homebuyers (banks and housing finance companies) and to developers and landlords through construction finance, lease-rental discounting and project loans.
Why it matters
Most homes in India are bought with a loan, so the price and availability of mortgages set affordability. Developer finance decides which builders can buy land and keep building through slowdowns.
Where the value pool sits
Prime home loans are a low-margin, low-loss business dominated by banks (SBI, HDFC Bank). Affordable-housing HFCs earn higher spreads and RoA on self-employed and smaller-ticket borrowers; developer finance pays more but carries higher risk.
Key drivers
Housing sales and prices
Rate cycle (repo-linked home loans)
Under-penetration: mortgages are about 12% of GDP (FY24)
Potential bottlenecks
Cost of funds for HFCs vs banks
Credit assessment for informal-income borrowers
Bank caution on land and early-stage developer loans