State Financial institution of India (SBI), the nation’s largest lender, feels it is about time the definition of reasonably priced housing was reviewed. This comes within the backdrop of an increase in residence costs throughout main markets over the previous few years.
CS Setty, Chairman of SBI additionally pointed to the rise in its common residence mortgage measurement, behind the decision to revise the definition.
In a report revealed by NITI Aayog in December 2025, models with a carpet space of 60 sq. meters in metro cities, with worth not exceeding Rs 60 lakh, have been thought-about reasonably priced. For non-metropolitan areas, models with a carpet space of 90 sq. meters and worth not exceeding Rs 45 lakh depend as reasonably priced housing.
“Our common ticket measurement has gone up, virtually it’s Rs 51 lakh now. It was once round Rs 35-40 lakh a few years in the past, which implies that the composition of reasonably priced properties and the definition of reasonably priced properties is required to be modified now,” stated Setty.
He was interacting with reporters following the state-owned lender’s fourth quarter earnings. Setty stated it was one of many suggestions made to the federal government as a part of their conversations.
“That is what we now have been telling the federal government of India that there’s a price of housing going up. So the idea of reasonably priced properties must be modified,” added Setty.
On Might 8, SBI reported a web revenue of Rs 19,684 crore within the January-March quarter, up 5.6 per cent from a 12 months in the past revenue of Rs 18,643 crore. Internet curiosity revenue rose 4.1 per cent year-on-year to Rs 44,380 crore from Rs 42,618 crore.
SBI reported a 13.66 per cent year-on-year progress in its residence loans portfolio final fiscal. It had a market share of 28.1 per cent in residence loans, SBI stated, citing All Scheduled Business Banks knowledge.
