Indian real estate demand is rising throughout the holiday season. Since the RBI just maintained the repo rate, homeowners may take advantage of low lending rates and invest now. We examine the main drivers of real estate market development over this time.

Kotak Mahindra Bank would buy Standard Chartered Bank India's ₹4,100 crore personal loan portfolio. This transaction should be completed in three months, pending regulatory clearances and closing conditions. The loans purchased are conventional, easing the transfer for banks and clients.

Leading private equity company TA Associates acquired a major minority investment in Vastu Housing Finance Corp., a pan-India diversified lending organisation, on Thursday. Investments included the International Finance Corporation.

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.

PNB Housing Finance aims to raise its loan portfolio by 17% in FY25, the biggest expansion since 2019. A strong capital position has allowed the firm to concentrate on retail lending, which currently accounts for 97% of its operations, including affordable housing.

The Dream of Homeownership Grows 2024 is a terrific year for Indian homebuyers due to numerous major advancements. Significant savings from a steady repo rate and an optimistic government budget encourage more individuals to purchase properties.

In today's fast-paced world, where aspirations often translate into multiple loans, effectively managing these debts is crucial.

CEO Gagan Banga emphasises investor base expansion and the consolidation of seven companies into the home finance company.