Share of loans for homes valued at Rs 75L+ grows 1.5x in 4 years

Quick Summary:

Residential real estate sales in India are being driven by premium and luxury housing, with home loans for properties valued at Rs 75 lakh and above rising from 19% in March 2020 to 31.4% in March 2024.

Knight Frank reports that homes priced over Rs 1 crore now represent 41% of housing sales, indicating a consistent growth trend.

The increase in the shares of homes valued at over Rs 75 lakh has been consistent - going to 20.6% in FY21, 24% in FY22 and 27.3% in FY23.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaBangladeshGreece

Topics: Real estate Premium housing Home loans Business news Housing sales Luxury housing Home values

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 09:50:52 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 603 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22417463

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