High-Value Home Loans Surge in Q4 2024, Driven by Premium Housing Demand
A significant surge in demand for high-value home loans was observed in Q4 2024, with the Rs 50 lakh – Rs 1 crore segment leading the way. This trend highlights a growing preference for premium housing, particularly in cities like Pune and Gurugram.
Home LoansPremium HousingReal EstateMagicbricksRbiReal Estate MumbaiFeb 25, 2025
This segment accounted for 36% of the total home loans disbursed by the Magicbricks platform during the quarter, highlighting a growing preference for premium housing.
The Rs 10 lakh – Rs 50 lakh category followed closely, making up 33.7% of total disbursals.
Pune led the way, contributing 30.6% of all home loans disbursed, followed by Hyderabad (22.6%), Bengaluru (17.3%), and Gurugram (14.2%).
Gurugram also recorded the highest average loan ticket size, reflecting strong demand for luxury properties.
Commenting on the same, Sudhir Pai, CEO, Magicbricks, said, “For the first time in nearly five years, the RBI has cut the repo rate, which lowers borrowing costs for homebuyers and developers, enhancing affordability and stimulating housing demand.
It also aligns with government initiatives like the SWAMIH Fund, which aids stalled projects, and ongoing efforts to boost affordable housing.
Easier capital access for developers is expected to drive supply growth, fostering a favorable real estate market.”
The platform also shared that home loan disbursals with ticket sizes of Rs 50 lakh to Rs 1 crore surged 80% in Q4, indicating rising residential prices and a shift toward aspirational living.
Additionally, the total number of home loans disbursed by Magicbricks more than doubled in October-December 2024 as compared to January-March 2024, underscoring the robust demand in the housing sector.
Frequently Asked Questions
What is the most sought-after category for home loans in Q4 2024?
The Rs 50 lakh – Rs 1 crore segment emerged as the most sought-after category for home loans in Q4 2024.
Which city contributed the most to home loan disbursals?
Pune contributed 30.6% of all home loans disbursed, leading the way in Q4 2024.
How did the RBI's repo rate cut impact the housing market?
The RBI's repo rate cut lowered borrowing costs for homebuyers and developers, enhancing affordability and stimulating housing demand.
What is the SWAMIH Fund used for?
The SWAMIH Fund is used to aid stalled real estate projects and support the affordable housing sector.
What was the percentage increase in home loan disbursals in the Rs 50 lakh – Rs 1 crore segment?
Home loan disbursals in the Rs 50 lakh – Rs 1 crore segment surged 80% in Q4 2024.
Related News Articles
Enforcement Directorate Issues Notice to CM Siddaramaiah’s Wife and Minister Suresh in MUDA Scam
The Enforcement Directorate has issued notices to Chief Minister Siddaramaiah’s wife, B.M. Parvathi, and Urban Development Minister Byrathi Suresh, accusing them of illegal land allotments and money laundering in the Mysuru Urban Development Authority (MU
Insolation Green Energy Secures Rs 36 Crore Order for Solar Modules
Insolation Green Energy, a leading player in the renewable energy sector, has recently secured a significant order worth Rs 36 crore for its solar modules. This strategic win not only highlights the company's growing market presence but also underscores the increasing demand for sustainable energy solutions in India.
Ceratec Group and Chaitanya Developers Launch Iconic 'Tower 108' in Pune
Ceratec Group and Chaitanya Developers have unveiled 'Tower 108,' a premium commercial project in Pune's Balewadi area. The 108-meter-tall tower is set to become a hub for businesses, offering state-of-the-art office and showroom spaces.
HOMETHON Property Expo 2024: A Mega Real Estate Event in Mumbai
Naredco's Maharashtra chapter hosts HOMETHON Property Expo 2024 in Mumbai, showcasing over Rs 10,000 crore worth of real estate projects, offering a mix of affordable and luxury properties.
Jaiprakash Associates' Creditors Stake Claim of Rs 51,914 Crore Amid Insolvency Proceedings
Financial creditors, including 31 banks and financial institutions, and 1,517 real estate allottees, have submitted claims worth Rs 51,914 crore to the resolution professional.
Maharashtra's Budget 2025: A Closer Look at the Ladki Bahin Scheme
In the recent Maharashtra Budget 2025, concerns have been raised about the allocation for the Ladki Bahin scheme. This article delves into the details and clarifies the funding situation.