Credit outstanding to real estate rises 38% to Rs 28 lakh crore in July.
Credit outstanding to real estate rises 38% to Rs 28 lakh crore in July.
Credit outstanding to real estate rises 38% to Rs 28 lakh crore in July: RBI
Credit outstanding to real estate rises 38% to Rs 28 lakh crore in July: RBI
Despite the rise in interest rates
The credit outstanding in housing (including priority sector housing)
The credit outstanding in housing (including priority sector housing)
Rose 37.4% annually in July to Rs 24.28 lakh crore, the RBI data shows.
Rose 37.4% annually in July to Rs 24.28 lakh crore, the RBI data shows.
The credit outstanding to the commercial real estate
Considered a hot sector, increased by 38.1% to Rs 4.07 lakh crore.
Considered a hot sector, increased by 38.1% to Rs 4.07 lakh crore.
Growth in credit indicates that
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The real estate sector is growing, and people are investing in it.