The following Chart Shows the Historical Housing Loan Accounts Data in India. By this we can estimate the top 5 Real Estate Markets in India - Mumbai, Delhi NCR, Bangalore, Chennai and Pune.
It appears that prices are being boosted by Credit from Banks at both ends, to developers and to buyers. The Total loans to real estate sector are around 130000 Cr, from what I recall reading. Can you find a chart for YoY lending to developers. Then it will be apparent that this price rise is being caused by credit flow to Buyers as well as Suppliers
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It appears that prices are being boosted by Credit from Banks at both ends, to developers and to buyers. The Total loans to real estate sector are around 130000 Cr, from what I recall reading. Can you find a chart for YoY lending to developers. Then it will be apparent that this price rise is being caused by credit flow to Buyers as well as Suppliers
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