As per latest ICRA report: The Government’s focus on affordable housing, favorable regulations could push overall housing credit growth to 20-22% FY16 onwards, which could lead to improved mortgage penetration from current levels of 8.2%.

The housing finance market in India has crossed Rs 10 lakh crore mark as on December 31, 2014. Of this Rs 10 lakh crore housing loan book, Rs 6.3 lakh crore loans are with the banking sector, and balance Rs 3.7 lakh crore with housing finance companies (HFCs) and Non-Banking Financial Companies (NBFCs).

As per news interviews, SBI alone has nearly 25% market share for new home loans, with a total home loan book of Rs 1.6 lakh crore. LIC Housing Finance is growing nicely because of the well-established LIC Agent network in India. HDFC is one of the market leaders and is growing at 20% per annum consistently.