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Home sales might be slow, but home loan takers are aplenty

Despite a slow real estate market over the last few years, cold consumer sentiment and high unsold inventory levels, housing finance companies say there is no dearth of home loan seekers in the market. On the contrary, the housing finance market is growing at an average of 16-18% year on year.

Experts say that while investor demand might be muted, end-user driven housing sales is growing at 20-22% CAGR, which has also led to an increase in credit offtake over the last one year.

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