38% dip in new home loans in Gujarat
The pressure in the real estate sector has affected the home loans. The new home loan accounts fell by 38% in June quarter this year over the same quarter in 2011.
Rs 854.55 crore to 23,241 account holders from April to June 2011was disbursed by the member banks State Level Banking Committee (SLBC).
But this year same time the bank disbursed Rs816.31 crore as fresh home loan to 14,329 account holders and this accounts a fall of 38 per cent in the home loan.
The real estate sector was running good in Gujarat till January this year. But due to the high inflation in the realty market has paved way for the crisis in the current market.
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