<\/p>
State Bank of India (SBI), the country’s largest lender, feels it’s about time the definition of affordable housing was reviewed. This comes in the backdrop of a rise in home prices across major markets over the last few years.<\/p>
CS Setty, Chairman of SBI also pointed to the rise in its average home loan size, behind the call to revise the definition.<\/p>
In a report published by NITI Aayog in December 2025, units with a carpet area of 60 square meters in metro cities, with value not exceeding Rs 60 lakh, were considered affordable. For non-metropolitan areas, units with a carpet area of 90 square meters and value not exceeding Rs 45 lakh count as affordable housing.<\/p>
“Our average ticket size has gone up, almost it is Rs 51 lakh now. It used to be around Rs 35-40 lakh a couple of years ago, which means that the composition of affordable homes and the definition of affordable homes is required to be changed now,” said Setty.\u00a0<\/p>
He was interacting with reporters following the state-owned lender’s fourth quarter earnings. Setty said it was one of the recommendations made to the government as part of their conversations.\u00a0<\/p>
“This is what we have been telling the government of India that there is a cost of housing going up. So the concept of affordable homes has to be changed,” added Setty.\u00a0<\/p>
On May 8, SBI reported a net profit of Rs 19,684 crore in the January-March quarter, up 5.6 per cent from a year ago profit of Rs 18,643 crore. Net interest income rose 4.1 per cent year-on-year to Rs 44,380 crore from Rs 42,618 crore.\u00a0<\/p>
SBI reported a 13.66 per cent year-on-year growth in its home loans portfolio last fiscal. It had a market share of 28.1 per cent in home loans, SBI said, citing All Scheduled Commercial Banks data.\u00a0<\/p> <\/div>
SBI, SBI chairman CS Setty , home loan, affordable home, affordable home loan#SBI #Chairman #feels #definition #affordable #homes #review #Here039s1778257594<\/p> ","protected":false},"excerpt":{"rendered":"
State Bank of India (SBI), the country’s largest lender, feels it’s about time the definition of affordable housing was reviewed. This comes in the backdrop of a rise in home prices across major markets over the last few years. CS Setty, Chairman of SBI also pointed to the rise in its average home loan size, […]<\/p>\n","protected":false},"author":1,"featured_media":7762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[11469,28808,28809,4566,11179,21565,1772,18337,8797,809,1514,28807],"class_list":["post-7761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-affordable","tag-affordable-home","tag-affordable-home-loan","tag-chairman","tag-definition","tag-feels","tag-here039s","tag-home-loan","tag-homes","tag-review","tag-sbi","tag-sbi-chairman-cs-setty"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/7761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7761"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/7761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/7762"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7761"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}