Home Loan Market Soars: Magicbricks Reports 80% Surge in Sub-₹1 Crore Disbursals

In a remarkable development for India's real estate sector, Magicbricks has reported an impressive 80% increase in home loan disbursals under ₹1 crore in 2024. This surge indicates a robust demand for affordable housing and rising property prices. The platform noted a significant 86% growth in disbursals for loans between ₹10 lakh to ₹50 lakh, while the ₹50 lakh to ₹1 crore segment saw an 80% increase. These figures reflect a strong consumer appetite for homeownership and suggest a positive outlook for the Indian housing market.

Source: Asian Age