New Delhi: According to a report by JLL India and Propstack, the real estate sector witnessed loan approvals of Rs 9.63 lakh crore during 2018-23 and there is a debt financing opportunity of Rs 14 lakh crore over the next three years.
JLL India and PropStack in their joint report - 'Decoding Debt Financing: Opportunities in Indian Real Estate' said loans worth Rs 9,63,441 crore have been sanctioned in the real estate sector in India in the last six years.
This works out to an average of Rs 1,61,000 crore per year.
“There is potential for a financing opportunity of Rs 14,00,000 crore (US$170 billion) in the total debt market in Indian real estate between 2024-2026,” the consultant said.
Analyzing loan numbers sanctioned across the top seven cities, the report said Mumbai, Delhi-NCR and Bengaluru accounted for 80 per cent of the total loans sanctioned in the last six years, indicating their importance in the real estate market.
“However, challenges such as the IL&FS and NBFC crisis in 2018 and the impact of the pandemic in 2020 led to a slowdown in the debt market.”
The report noted that the resurgence of real estate markets since 2021 has created new opportunities for lenders and borrowers alike.
JLL India and PropStack in their joint report - 'Decoding Debt Financing: Opportunities in Indian Real Estate' said loans worth Rs 9,63,441 crore have been sanctioned in the real estate sector in India in the last six years.
This works out to an average of Rs 1,61,000 crore per year.
“There is potential for a financing opportunity of Rs 14,00,000 crore (US$170 billion) in the total debt market in Indian real estate between 2024-2026,” the consultant said.
Analyzing loan numbers sanctioned across the top seven cities, the report said Mumbai, Delhi-NCR and Bengaluru accounted for 80 per cent of the total loans sanctioned in the last six years, indicating their importance in the real estate market.
“However, challenges such as the IL&FS and NBFC crisis in 2018 and the impact of the pandemic in 2020 led to a slowdown in the debt market.”
The report noted that the resurgence of real estate markets since 2021 has created new opportunities for lenders and borrowers alike.
