Growth in home loans is shifting from the affordable segment to higher-value homes. The average size of home loans has increased by 22% to Rs 24.7 lakh in FY23 from Rs 20.2 lakh in FY20, according to data analyzed by CRIF High Mark. Loans above Rs 75 lakh accounted for nearly 30% of new mortgage originations in April-June 2023.
Source: Times of India/TOI