Driven by the revival in economic sentiment, rising income levels and cooling property prices the mortgage lenders are rocking with double-digit growth in disbursements. Take HDFC, India's largest mortgage player, which witnessed 16 percent growth in individual loan disbursements in 2014 fiscal. Its average home loan ticket size moved up in 12 months to Rs 23.3 lakh compared to Rs 22.1 lakh during 2013-14. "Interest rates have been soft and real estate prices have moved up very marginally as compared to the level of increase in disposable incomes thereby making house buying more affordable," HDFC, managing director, Renu Sud Karnad. The banker noted that good traction for properties is happening in the four metros. “Financing for houses in the Rs 25-50 lakh range commands bigger transaction volumes compared to 2014," noted deputy managing director of Indiabulls Housing, Ashwini Hooda. Affordable Housing: Modi government’s push towards affordable housing is expected to boost overall home loan growth to 20-22 percent in 2015 fiscal, according to ICRA report. The housing finance market crossed the Rs 10-lakh-crore mark in December-end 2014. ICRA's report stated that investor sentiment for the housing sector improved reflected by capital infusions of Rs 1,780 crore in various housing finance companies (HFCs) during 2014. Interest Rates: With interest rates expected to soften, lenders see bigger growth signals ahead. HDFC brought down lending rate by 20 basis points to 9.9 percent, which was followed by Indiabulls Housing. Sundaram BNP Paribas Home Finance also reduced its prime lending rates. HDFC expects the loan book to grow 15-18 percent per annum in the next three to five years. Housing Finance companies will need external capital of around Rs 18,000-28,000 crore to grow at 20-22 percent over the next five years if internal capital generation grows at 16 percent while maintaining the capitalization levels at current levels.