Residential home loans now make up a larger portion of total advances.

Additionally, it said that the housing market is expanding well, with sales rising by 21.6%.

Commercial real estate (CRE) has accounted for between 2.0 and 2.9% of all loans.

Medium Brush Stroke

In March 2023, the banking system's overall exposure to real estate was 16.5% of all loans.

According to the founder and chairman of Signature Global, Pradeep Aggarwal, Indians have always preferred to avoid taking out loans.

People are driven to avoid loan defaults since owning a home is seen as a source of pride and accomplishment.

Home loans are secured loans that frequently require down payments from the borrower's equity.