ICRA: Affordable housing AUM to reach ₹2.5L crore by FY28
NEW DELHI: According to ICRA, the assets under management (AUM) for affordable housing finance companies (AHFCs) are expected to grow to ₹2.5 lakh crore by FY2028, up from ₹1.4 lakh crore in March 2025. The total retail mortgage-backed loan portfolio for non-banking financial companies (NBFCs) and housing finance companies (HFCs) is projected to increase to ₹20 lakh crore by FY2028, rising from ₹13 lakh crore currently. ICRA forecasts that mortgage loans provided by NBFCs and AHFCs will see a compound annual growth rate (CAGR) of 17–19% and 20–22%, respectively, in the next three years. This growth is anticipated to be…