RBI data: Home loan outstanding surges by Rs. 10 trillion in 2 years

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

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 ..

JM Financial Home Loans targets Rs 50 billion AUM by FY26

Manish Sheth, the Managing Director and CEO of JM Financial Home Loans, expressed the company's aspiration to increase its assets under management (AUM) to Rs 50 billion by the financial year 2025-2026. He mentioned that the company, which currently has a capital base of Rs 4.5 billion and a leverage of three times, is also keen on expanding its presence in Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu.

During the interview, Sheth provided insights into the growth strategy and financial details of the company. When asked about the..

Shift in Home Loans: Affordable to Higher Value

Recent trends in the Indian housing market reveal a notable shift in the nature of home loans, with a transition observed from affordable housing to higher-value segments. This shift signifies changing consumer preferences and financial capabilities in the real estate sector.

The move towards higher-value home loans suggests a growing appetite for premium properties and a potential surge in demand for more luxurious housing options. Economic factors and evolving lifestyle choices may be contributing to this shift, as buyers explore larger and more upscale residential offerings.

DLF Launches Luxury Project in Gurugram

DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.

The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..

Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects

Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.

The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..