MUMBAI: Premium and luxury housing are boosting residential real estate sales, according to multiple reports. In fact, the growth is now showing in the outstanding portfolios of home loan providers, with their share of loans for homes valued at Rs 75 lakh and above increasing from 19% in March 2020 to 31.4% in March 2024.
A report by Knight Frank last month said that home sales of over Rs 1 crore now account for 41% of India’s housing sales.Home loan numbers point to this not being a blip but a continuing trend.
The increase in the shares of homes valued at over Rs 75 lakh has been consistent – going to 20.6% in FY21, 24% in FY22 and 27.3% in FY23.

While public sector banks are dominant players in the below Rs 75 lakh segment, private banks lead in the Rs 75 lakh category loans. In the below Rs 35 lakh loans, housing finance companies hold concentration, according to a report by credit bureau CRIF. Unlike RBI’s data on sectoral deployment of bank credit, CRIF’s data includes credit across lenders including finance companies and HFCs.
As of March 2024, portfolios outstanding of home loans – which are dominated by public and private banks – stood at Rs 36.2 lakh crore (across lenders).