"We have registered a growth of 19 per cent in the sector, both housing finance companies and banks combined. I expect a similar performance to continue in FY15 as well," NHB Chairman and Managing Director RV Verma told reporters here.
The chief of NHB, which regulates the market, said the total outstanding of housing loans was Rs. 8 trillion (Rs. 8 lakh crore) as of end March 2013, which have grown by close to Rs. 1.60 trillion as of end March 2014 - a total book size of about Rs. 9.6 lakh crore.
Banks occupy 66-67 per cent of the home mortgage market at present, and the dedicated housing loan companies like HDFC and DHFL occupy a significant portion of the rest. Co-operative banks also hold some stake.
The average loan size saw a significant movement during last fiscal ended March 31, Verma said, adding that it has moved to the Rs. 18-19 lakh bracket for housing finance companies from Rs. 16 lakh, while for banks, it has moved up to Rs. 12 lakh from the earlier Rs. 10 lakh.
Meanwhile, even as the lending industry is facing increased instances of stress on books, home borrowers turned more conscious of repayments during the fiscal, Verma said.
The banks' non-performing assets from home loans are expected to decline to 1.80 per cent from the 1.81 per cent in December 2013 and 2.20 per cent in March 2013, he said, adding that for housing finance companies, the overall ratio stands at around 0.7 per cent.