By Accommodation Times News Service
According to SLBC report, fresh loans worth Rs 9,616 crore were granted to 82,332 beneficiaries in 2015-16
Better affordability, a slight decrease in prices and more affordable housing projects has led to a three-year high in demand for home loans across the state in 2015-16. According to the latest report of the State Level Bankers’ Committee (SLBC) Gujarat, 27.8% more beneficiaries got housing loans in the state in 2015-16 as compared to 2014-15. According to SLBC report, fresh loans worth Rs 9,616 crore were granted to 82,332 beneficiaries in 2015-16 under direct housing finance, in comparison to loans worth Rs 6,112.45 crore granted to 64,414 beneficiaries last year. In terms of amount disbursed, the growth is of 57.3% year-on-year. “Affordability has risen over the last two years. All the stakeholders in the real estate market have realized that it is a buyers’ market. With economic growth of Gujarat being consistent, there has been a rise in investment in the housing sector,” said an official of the Gujarat Institute of Housing and Estate Developers (GIHED).