Ahmedabad: With the economic situation improves and the market reopens, the demand for new homes rises significantly in the first half of 2021-22.
This encourages a 75% increase in home loan distribution, to the appropriate period, i.e.
April to September, at 2020-21.
According to the latest report on the State Bankir Committee (SLBC), Gujarat, the elimination of housing finance rose from Rs 5,283 Crore to Rs 9,232 Crore in this period.
The 171th SLBC meeting was held at Ahmedabad on Friday.
MM Bansal, holding SLBC Gujarat, said “Distribution increased either due to a surge in demand and progress in construction activities.
Loans were channeled because construction last year, many sites are closed during locking and loans thus are not disbursed.
This year, not only construction activities Take steps but new demand is open too.
“The developer also said that demand has increased significantly in the housing segment.
“After a pandemic, there was a good demand for a larger house in Gujarat because people realized the importance of extensive traits.
People also invested in agricultural homes, planning developments and weekend houses.
Interesting interest rates, as low as 6.5 % In some cases, it also triggered a demand for housing real estate, “said Ajay Patel, Chairperson, Gujarat Credai and Director, Synthesis.
The number of house loan accounts prevented and funds also rose from 47,411 to 68,397, a 44% increase.
The increase in the number of borrowers is relatively low but the larger amount is disbursed with a higher loan ticket size.
“The real estate sector has been revived well over the past year.
Good market sentiment and requests have been opened.
This is especially true for middle-income groups and high-income groups, whose monthly income is not too affected.
As a consequence, the overall demand for real estate Enhanced because disbursed housing loans have risen, “said the source of the banking sector.
“As far as low-income groups are concerned, their monthly income has not been returned to the pre-pandemic level because demand in an affordable housing segment is low compared to the luxury segment,” he added.
Guj: new home buyers encourage loan distribution up to 75%
