New Delhi, Sept. 5 -- Smaller cities are set to drive India's next home loan growth wave, amid increased number of digital lending applications, according to a report by SGA PR titled 'Housing Finance in India - The Silent Giant of Retail Credit'.

India's housing finance market is entering a structural shift, with growth moving beyond metros amid rising demand from smaller cities. Technology emerging as a "critical layer" through increasing digital adoption and emergence of tech-led mortgage distribution, the study added. It drew on industry reports, market data, company disclosures and other publicly available sources.

"Housing finance is moving into an interesting phase. The opportunity is no longer simply about growing the loan book;...