35% Drop in Home Loan Borrowers, Avg Mortgage Rises in Gujarat
AHMEDABAD: Gujarat’s housing finance landscape is revealing an interesting trend — while the total amount of loans being disbursed is increasing, the number of borrowers is on the decline. In FY 2025, the total housing finance in the state rose by 8.9%, reaching Rs 58,399 crore, up from Rs 53,590 crore in FY 2024. Conversely, the number of loan accounts plummeted by over 35%, from 6.9 lakh to just 4.46 lakh, according to the State Level Bankers’ Committee (SLBC) – Gujarat. The figures indicate a shift: fewer individuals are purchasing homes, yet those who do are borrowing larger amounts. The…