Every Indian wish to own a home one day. Several house financing companies or mortgage lenders across the country are helping to make this possible. In India's home financing markets, there are currently around 80 participants. In terms of size (market cap) and fundamentals, below are the top listed companies among them:
The Housing Development Finance Corporation Limited (HDFC), which was established in 1977, is one of India's leading housing finance providers.
The company was established to address the country's housing needs. They provide funding for residential home construction, land purchases, and home improvements, among other things.
The Industrial Credit and Investment Corporation of India (ICICI) is the company's main sponsor (ICICI). The promoters' stake in the company has remained 0% as of today.
The corporation has grown to 566 offices around the United States over the years. They have opened three offices throughout the world, in Dubai, London, and Singapore, to provide loans to NRIs and PIOs.
2. LIC Housing Finance
LIC Housing Finance, which was founded in 1989, is one of India's first housing finance companies as well as one of the largest. Individuals can get loans for things like buying a house, building it, extending it, repairing it, and buying a parcel of land.
With 284 marketing offices nationwide, the organization is well-represented. Since its beginning, they have assisted more than 2.5 million families. Housing loans of more than Rs. 2 lakh crore are now held by the company.
3. AAVAS Financiers.
AAVAS Financiers Ltd., a retail affordable housing loan provider based in Rajasthan, was established in 2011. Au Housing Finance Ltd is the name of the company.
In semi-urban and rural locations, the company serves low- and middle-income people. Due to a shortage of papers such as IT returns and salary stubs, AAVAS has concentrated on a niche that other banks would otherwise overlook.
They've grown to 166 locations in 11 states throughout the years. Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Delhi, Uttar Pradesh, Chhattisgarh, Haryana, Uttarakhand, Himachal Pradesh, and Punjab are some of these states.
Non-convertible debentures ('NCDs'); National Housing Bank ('NHB'); and subordinated debt borrowings from banks, mutual funds, and insurance companies provide funding to the Company.
4. Indiabulls Housing Finance
Indiabulls Housing Finance Ltd., headquartered in Haryana, is one of the country's leading home loan providers. The company is part of the Indiabulls group, which was founded by ex-billionaire Sameer Gehlaut.
The company now has over 220 locations around the country. They also have a presence in Dubai and control the bulk of OakNorth Bank in London.
The corporation, on the other hand, ran into problems due to an asset-liability mismatch. This was because the corporation used short-term credit to make long-term loans.
5. PNB Housing Finance
PNB Housing Finance Limited (PNB Housing) is a housing finance company owned by the Punjab National Bank, which was established in 1988. (PNB).
PNB Housing Finance is a bank that lends money to people who need to buy a house. In this way, they can provide financial services in their areas of operation, such as loans and deposits.
Over the last three decades, PNB Housing Finance has advanced significantly. In 2017, their assets under control surpassed Rs. 50,000 crores and their deposits surpassed Rs. 10,000 crores. More than 84 locations make up the company's nationwide footprint.
The Housing and Urban Development Corporation Limited (HUDCO), which was established in 1970, is a government-owned housing finance corporation. The Ministry of Housing and Urban Affairs has jurisdiction over the company.
Currently, the government owns 89.81 per cent of the business. Aside from home finance, the organization also invests in a variety of infrastructure projects. In 2004, HUDCO was designated as a Mini Ratna.
7. Can Fin Homes
Can Fin Homes be formed in 1987, the International Year of Homeless Shelter?
The company is promoted by Canara Bank, making it the first housing finance company to be launched by a nationalized bank. The company's headquarters are in Bangalore, and it has 163 locations across the country.
8. Home First Finance Company
In 2010, the Home First Finance Company was established. The company intends to provide low- and middle-income house buyers with cheap housing financing.
Last year, the company boosted its gross loan assets to Rs. 3730 crores. The corporation had 70 locations in 11 states as of 2020.
To sum up,
Between 2010 and 2017, the home finance sector grew by 18%.
Furthermore, government efforts such as the Pradhan Mantri Awas Yojana (PMAY) and others aid housing finance companies. As a result, the housing financing industry has become a desirable investment.
In the comments section below, let us know which housing finance firm you think is the most appealing. Investing success!