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Amid realty slowdown, housing credit growth slowed to 16% in FY17: Icra

The slowdown was due to lack of new project launches, investors deferring home purchase decisions

Press Trust of India  |  Mumbai 

Total housing credit growth moderated to 16 per cent in the financial year 2016-17 due to lack of new project launches and as investors deferred their home purchase decisions, according to rating agency Icra. In the financial year ended March 2016, the housing credit grew by 19 per cent. Overall housing credit stood at Rs 14.4 trillion as on March 31, 2017 as against Rs 12.4 trillion as on March 31, 2016. "The growth in the sector (in FY17) was impacted by a slowdown in new project launches with buyers and investors deferring their home purchase decisions in expectation of a ...

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First Published: Tue, June 20 2017. 16:59 IST
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