Business EconomyPosted at: Mar 12 2025 4:37PM


Individual housing loans outstanding rise 14 pc to Rs 33.53L cr

New Delhi, Mar 12 (UNI) Individual housing loans outstanding as on September 2024 stood at Rs 33.53 lakh crore, showing growth of 14% over the corresponding period of previous year, as per a National Housing Bank (NHB) report released on Wednesday.
The report said that India's residential real estate market is experiencing a surge in activity, fueled by a robust economy and growing demand for luxury living.
Despite global economic uncertainties, the report said that demand for high-end properties in India has shown resilience, underscoring the confidence of affluent buyers in the long-term value of premium real estate.
"Driven by rapid urbanisation and rising income levels, metropolitan landscapes are undergoing significant transformations. This has led to a surge in demand for high-quality housing and a superior lifestyle," it said.
As per the report, EWS & LIG accounted for 39% of outstanding individual housing loans as on September 2024 while MIG accounted for 44% and HIG accounted for 17%.
Individual housing loan disbursements during half year ended September 2024 were Rs 4.10 lakh crore while disbursements during the year ended March were Rs 9.07 lakh crore.
For the quarter ended September 2024, the Housing Price Index (NHB-RESIDEX) recorded a year-on-year increase of 6.8% as compared to 4.9% during previous year.
UNI NK GNK
Please log in to get detailed story.
Tags: #Individual housing loans outstanding rise 14 pc to Rs 33.53L cr
More News

Top southern cities dominate GCC office leasing with 64 percent overall share

20 May 2025 | 2:57 PM

Mumbai, May 20 (UNI) Global Capability Centres (GCCs) have been ramping up their presence on India’s commercial real estate landscape in the last few years, with government initiatives announced in the Union Budget further accelerating this trend, according to a study report of ANAROCK.

see more..

Airtel and Google partner to offer Google One subscription to its Postpaid and Wi-Fi customers

20 May 2025 | 2:48 PM

Hyderabad/New Delhi, May 20 (UNI) Bharti Airtel, a global communications solutions provider, and Google, on Tuesday, announced a partnership that brings a compelling Google One cloud storage subscription service for Airtel customers, helping address the mounting challenge of limited device storage.

see more..

Offix launches First Flagship Luxury Co-Office Space in Hyderabad

20 May 2025 | 2:41 PM

Hyderabad, May 20(UNI) OFFIX, a premium co-working brand for the modern professional, on Tuesday announced the launch of its first flagship location at Commerzone Raidurg, the heart of Hyderabad’s commercial hub.

see more..
Starlink launches internet services in Bangladesh

Starlink launches internet services in Bangladesh

20 May 2025 | 1:49 PM

Dhaka, May 20 (UNI) Starlink, the satellite internet venture backed by Elon Musk's SpaceX, has officially launched its operations in Bangladesh, offering high-speed, low-latency internet to both urban and remote users across the country.

see more..
Sensex down over 500 pts

Sensex down over 500 pts

20 May 2025 | 1:42 PM

Mumbai, May 20 (UNI) Erasing gains, the BSE Sensex dropped 554 pts at 81,504.20 till noon, following selling in Auto, Telecommunications and Power stocks despite a positive Asian Market.

see more..