The housing loan market in the country witnessed a rebound and registered a year-on-year growth of 9.6 per cent in terms of portfolio outstanding (PoS) in the third quarter of FY2021, despite the COVID-19 pandemic, says a report. The portfolio outstanding of the sector stood at Rs 22.26 lakh crore as of December 2020, as compared to Rs 20.31 lakh crore as of December 2019, according to a quarterly report released by credit information bureau CRIF High Mark.

The industry had witnessed 10.4 per cent growth in PoS in December 2019 quarter over December 2018 quarter.

The report said the growth was flat in quarters ending March 2020, June 2020 and September 2020 due to COVID-19 pandemic, the resulting nationwide lockdown and suspension of most of the business and lending activities in large parts of the country.

“However, there has been a rebound in housing loan originations in the quarter ending December 2020, leading to 4.52 per cent growth in portfolio outstanding,” the report noted.

The affordable housing segment (ticket size up to Rs 35 lakh) constituted 90 per cent of the market by volume and nearly 60 per cent by value as of December 2020. Within the affordable segment, loans under ticket size of Rs 15 lakh comprised 70 per cent by volume and 38 per cent by value.