Despite property price & interest rates rising : Home loans grow

In India, the first six months (April-September) of the current financial year ( 2011-12), property prices and  interest rate rising in many parts of country.. But, rising interest rates and property prices have not dampened the increase for home loans in the same period, according to NHB (National Housing Bank) and RBI (Reserve Bank of India) data's

The first half  of the current financial year, the collective disbursement of home loans by 54 HFCs (Housing Finance Companies) was 10% higher at Rs 49,458 crore against Rs 44,870 crore in the corresponding year-ago period. Same six month period  the collective disbursement of home loans by 47 banks was up 6% at Rs. 20,779 crore against Rs. 16,221 crore in the corresponding year-ago period.
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