aavas financiers share price: Can Aavas Financiers be a long-term play on growing housing finance industry?

The growth of the housing market will significantly affect the nation as a complete as a result of the actual property or housing business, particularly, is related with quite a few sectors.

Synopsis

The house mortgage market in India is estimated at round $300 billion. This represents a mortgage to GDP ratio of 11%, which is comparatively low in contrast with others, notably creating Asian international locations. The housing finance market is anticipated to develop to $750 billion within the subsequent 5 years, in accordance with the FY22 Annual Report of Aavas Financiers.

Housing finance is an under-penetrated business that gives a large development runway for Aavas Financiers. Till now, the corporate has been in a position to maintain its asset-liability profile, which helped it handle the headwinds of the NBFC disaster and Covid. Will this example stay the identical as its mortgage e-book grows?The house mortgage market in India is estimated at round $300 billion. This represents a mortgage to GDP ratio of 11%, which is comparatively

BY

Gaurav Jain & Parimal Ade

ET CONTRIBUTORS

Jul 18, 2022, 02:29 PM IST

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