Credit to commercial real estate grows threefold
Business Standard|March 30, 2024
Bank credit to commercial real estate (CRE) grew by almost three-fold to ₹67,485 crore during the 11-months of the current financial year (April 2023 February 2024), from 23,432 crore in the same period of the last fiscal.
ABHIJIT LELE

This surge in loans for CRE is driven by growth in lease rental discounting, especially for office space.

According to the latest Reserve Bank of India data, outstanding loans to CRE stood at 3.9 trillion as of February 23, 2024. It has grown almost by ₹1 trillion in the past two years from ₹2.94 trillion in February 2022.

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