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INTERNATIONAL JOURNAL OF ADVANCED RESEARCH IN COMMERCE, MANAGEMENT & SOCIAL SCIENCE (IJARCMSS) [ Vol. 9 | No. 1 (II) | January - March, 2026 ]

A Comparative Study of the Financial Performance of Selected Public and Private Sector Housing Finance Companies in India (2018–2024)

Dr. Vikram Singh & Ananya Kapoor

The housing finance sector forms an important part of the financial system as it supports housing development, infrastructure growth, and employment generation. In India, the demand for housing finance has grown significantly due to factors such as rapid urbanization, rising income levels, population growth, and various government initiatives promoting affordable housing. Housing Finance Companies (HFCs) play a key role in this process by providing long-term finance for residential housing. These institutions specialize in mortgage lending and complement commercial banks by focusing specifically on housing loans and related financial services. Over time, the housing finance sector has expanded due to regulatory support, increasing demand for housing credit, and greater financial awareness among individuals.

Singh, V. & Kapoor, A. (2026). A Comparative Study of the Financial Performance of Selected Public and Private Sector Housing Finance Companies in India (2018–2024). International Journal of Advanced Research in Commerce, Management & Social Science, 09(01(II)), 177–183. https://doi.org/10.62823/IJARCMSS/9.1(II).8698
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    Bajaj Housing Finance Annual Reports
  2. HUDCO (Housing and Urban Development Corporation Ltd.). (2018–2024). Annual Reports. Available at: https://hudco.org.in (Investor Relations Section)
  3. LIC Housing Finance Limited. (2018–2024). Annual Reports. Available at: LIC Housing Finance Annual Reports
  4. PNB Housing Finance Limited. (2018–2024). Annual Reports. Available at: PNB Housing Finance Annual Reports
  5. Reserve Bank of India. (2023). Regulatory Framework for Housing Finance Companies. Available at: https://www.rbi.org.in
  6. National Housing Bank. (2024). Report on Trend and Progress of Housing Finance in India. Available at: NHB Annual Report
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  8. Government of India. (2022). Housing Sector Policies and Affordable Housing Initiatives. Ministry of Housing and Urban Affairs.
  9. PNB Housing Finance Limited – Company Overview. Available at:

https://en.wikipedia.org/wiki/PNB_Housing_Finance

  1. LIC Housing Finance Limited – Company Profile. Available at:

https://en.wikipedia.org/wiki/LIC_Housing_Finance

  1. Bajaj Finance Limited – Corporate Structure and Housing Finance Operations. Available at:
    https://en.wikipedia.org/wiki/Bajaj_Finance.

DOI:

Article DOI: 10.62823/IJARCMSS/9.1(II).8698

DOI URL: https://doi.org/10.62823/IJARCMSS/9.1(II).8698

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