Bank credit outstanding to real estate rose to Rs. 28 lakh crore in July: RBI
1 year, 3 months ago

Bank credit outstanding to real estate rose to Rs. 28 lakh crore in July: RBI

The Hindu  

Bank credit to housing as well as commercial real estate witnessed a nearly 38 per cent annual growth in July, taking the loan outstanding to the realty sector to a record Rs 28 lakh crore, as per the latest RBI data. Huge loan growth The credit outstanding in housing rose 37.4 per cent annually in July crossing Rs 24.28 lakh crore, according to the RBI's data on 'Sectoral Deployment of Bank Credit – July 2023'. Commenting on the RBI data, Anarock Chairman Anuj Puri said the impressive loan growth in the real estate sector is a function of a large-scale demand revival across the board. Samantak Das, Executive Director and Head of Research, JLL India, said the RBI's latest sectoral credit data showed a remarkably high growth in bank lending to the real estate sector in July 2023.

Real Estate Growth Housing Data Credit Bank Commercial Sales Estate Real Sector Cent Rbi Housing Sales Commercial Real Estate Bank Credit  bank  sales  housing  rbi  rs  estate  outstanding  lakh  growth  sector  cent  real  data  commercial  credit  crore  rose

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Equity investments in real estate sector to surpass $10 billion in 2024: CBRE-CII report
1 month ago

Equity investments in real estate sector to surpass $10 billion in 2024: CBRE-CII report

Hindustan Times  

Equity investments in Indian real estate may surpass $10 billion in 2024 on the back of strong inflows into built-up office space assets and a robust land acquisition pipeline for residential projects, according to a report by industry body CII and real estate consultant CBRE. "Overall equity investments in 2024 in the real estate sector are set to hit a …

Future of real estate market in India in 2023
1 year, 10 months ago

Future of real estate market in India in 2023

Live Mint  

The residential real estate market in India had astounding progress in 2022, setting new sales records of 68% YoY, further demonstrating the industry's prominence as one of India's fastest-growing industries. Real estate market in 2022 Hari Movva, Senior Vice President, SILA said despite the faltering economy we are currently experiencing, the real estate sector lived up to its best in …

Bank Credit Grows 5.51% and Deposits 11.11%, Shows Latest RBI Data
4 years, 4 months ago

Bank Credit Grows 5.51% and Deposits 11.11%, Shows Latest RBI Data

News 18  

Bank credit and deposits grew 5.51 per cent and 11.11 per cent to Rs 102.65 lakh crore and Rs 141.61 lakh crore, respectively, in the fortnight ended July 31, according to the latest data from the RBI. On a year-on-year basis, non-food bank credit growth was at 6.7 per cent in June 2020, nearly the same as in May 2020 …

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