Banks homing in on a bigger share of expanding realty pie; loans almost triple the pace in FY23

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7 months ago

Bank loans to commercial real estate, including residential construction, nearly tripled last fiscal year at 23 percent, amounting to Rs 3.97 lakh crore. If the impact of the merger of HDFC with HDFC Bank is included, the loan growth increases to 38.9 percent, with outstanding loans reaching Rs 4.48 lakh crore as of March 31. Property analysts note growth across segments, with the top seven property markets witnessing total sales of 74,486 apartments in the quarter, following a record-breaking quarter in December.

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Topics:

real estate loans

bank loans

commercial real estate

residential construction

loan growth

property analysts

sales

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