Home loan outstanding in India increased by ₹10 lakh crore in two years to ₹27.23 lakh crore in March, driven by post-pandemic residential property market growth.
Home loan outstanding in India increased by ₹10 lakh crore in the past two years, reaching a record ₹27.23 lakh crore in March, according to RBI's 'Sectoral Deployment of Bank Credit' data. The growth is attributed to a strong post-pandemic revival in the residential property market due to pent-up demand. The credit outstanding towards commercial real estate stood at ₹4.48 lakh crore in March.
May 05, 2024
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