Home loan outstanding surges Rs 10 lakh crore in 2 Years: RBI

06 May 2024 CW Team

According to recent data released by the Reserve Bank of India (RBI), the outstanding amount of home loans has surged by a whopping Rs 10 lakh crore over the past two years, reaching a total of Rs 27 lakh crore as of March. This substantial increase reflects the growing demand for housing finance and the resilience of the real estate sector despite the challenges posed by the COVID-19 pandemic.

The surge in home loan outstanding can be attributed to various factors, including favorable interest rates, government incentives, and increased affordability for homebuyers. With housing being a fundamental need and an essential investment asset, the demand for home loans has remained robust, driving growth in the housing finance segment.

The RBI data underscores the crucial role played by housing finance companies (HFCs) and banks in facilitating homeownership and supporting the housing market's expansion. By providing accessible and competitive financing options, these institutions have empowered individuals and families to fulfill their dream of owning a home, thereby stimulating economic activity and employment generation.

Moreover, the surge in home loan outstanding indicates a positive trend in the real estate market, with both residential and commercial segments witnessing increased activity. As economic conditions gradually improve and consumer confidence rebounds, the demand for housing is expected to further strengthen, driving continued growth in home loan disbursements and outstanding amounts.

The RBI's data highlights the resilience and adaptability of the housing finance sector, which has remained buoyant despite the uncertainties brought about by the pandemic. Moving forward, policymakers and regulators are likely to focus on sustaining this momentum and ensuring the stability and sustainability of the housing finance market to support inclusive growth and development.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..