New Delhi, March 12 -- 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 transformation...