A leading low-income housing finance company is expecting over a 20% increase in its order book and home loan disbursements, as the upcoming budget is expected to support housing-for-all initiatives.

The company has requested the government to redefine income criteria for the economically weaker section (EWS) to ?5 lakh and for the low-income group (LIG) to ?10 lakh.

It disbursed ?6,000 crore in FY23 and ?7,100 crore in FY24. Uttar Pradesh is the largest market, contributing nearly 15% of revenue, while metro areas such as Delhi and Mumbai also contribute significantly. The company is exploring expansion into the Northeast and Jammu & Kashmir.

Focusing on the low-income housing segment, the company has an assets under management (AUM) of ?16,566 crore as of December 31, 2022, with operations across 20 states and union territories and a network of 424 branches and offices.

Due to rising construction costs, the government may consider redefining priority sector lending limits from ?35 lakh to ?50 lakh in metro locations and from ?25 lakh to ?35 lakh in non-metro areas, as well as merging urban and rural housing schemes for CLSS subsidies while maintaining the same subsidy amount

https://www.livehomes.in/news_letter