Home loan demand growth from India’s tier 3, 4 districts outpacing metro cities, SBI Research says

Home loan demand in the rural areas have been on the rise primarily due to the government’s SVAMITVA scheme. The scheme provides people in the hinterland with the right to document their residential properties, which can then help them to use their properties for economic purposes. India's home loan market, currently valued at Rs 24 trillion, is projected to double in five years.

from Banking/Finance-Industry-Economic Times https://ift.tt/MBofNjD