Bank credit to the real estate sector, encompassing housing and commercial properties, surged by almost 38% annually in July, propelling outstanding loans in the sector to a historic high of Rs 28.35 lakh crore, as per the latest data from the Reserve Bank of India, reported “The Indian Express.” Notably, credit extended to commercial real estate, a thriving sector, grew by 38.1% to reach Rs 4.07 lakh crore. Despite the increase in interest rates, housing credit, including priority sector housing, rose by 37.4% to Rs 24.28 lakh crore. In addition to this impressive growth in real estate credit, Aman Sarin,CEO and Director of Anant Raj Ltd, emphasizes the significance of this trend to “The Economic Times.” Read More