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Banking Sector Capitalizes on Booming Indian Real Estate Market
Bank lending to commercial real estate, including residential projects, rose 23% last fiscal year excluding the HDFC-HDFC Bank merger. Loans totaled Rs 3.97 lakh crore. Including the merger, growth rose to 38.9%, with Rs 4.48 lakh crore in loans as of March 31.
- 8th May 2024
- 1149 Views
Indian Government Extends Funding for Rural Housing to Boost Completion
The Indian Finance Ministry has extended PMAY-G funds till September 2024 to build 3.5 million rural dwellings. This prolongation is part of the government's pursuit of "housing for all" by March 2024.
- 21st Apr 2024
- 1164 Views