The shadows of surging property prices and interest rates do not seem to have been successful in darkening the sentiments of the home buyer. Data revealed by National Housing Bank and Reserve Bank of India suggests the continuing home buying behavior of customers following the consistent rise in number of home loans getting sanctioned through banks as well as housing finance companies (HFCs).

The current fiscal so far has seen a total home loan disbursement worth Rs 49,458 crore by 54 HFCs as compared to Rs 44,870 crore for the same period in the previous fiscal.

"Due to availability of affordable houses on the periphery of metros and in Tier-II and Tier-III cities, demand for housing finance has been good," said Mr R.V. Verma, Chairman and Managing Director, NHB.

Similarly, 47 commercial banks reported a 6% hike in home loan disbursals in the same tenor as compared to the period in the fiscal earlier.