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The Hindu
The Hindu
National
PTI

Bank credit outstanding to real estate rose to Rs. 28 lakh crore in July: RBI

RBI Anuj Puri Anarock

Bank credit to housing as well as commercial real estate witnessed a nearly 38 per cent annual growth in July, taking the loan outstanding to the realty sector to a record Rs 28 lakh crore, as per the latest RBI data.

It is evident from the Reserve Bank's loan outstanding data as well as property consultants data on housing sales and new launches across major cities that the real estate sector is moving at a fast pace.

Huge loan growth

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