Real estate slowdown a myth? Home loan disbursements grew 23% in 2016-17

NHB data show a win for affordable housing; loans of up to Rs 25 lakh were 76% of all disbursements

Have you been hearing that there is a slowdown in the real estate sector and the market has come to a standstill? Well, you might have been interacting with real estate players. While many housing companies and developers have been complaining that consumers have stopped buying or investing in homes, numbers seem to suggest otherwise.
 
According to the National Housing Bank (NHB) data for 2016-17, disbursement of home loans of less than Rs 25 lakh in value – mostly used for buying affordable housing units and accounting for the bulk of the number of home loans disbursed – grew