Sunday, December 7, 2008

If banks bring down home loan rates to 7-8%, India real estate sector may turn around in just 6 months - Navin Raheja, chairman, Raheja Developers

Sanjay Chandra, MD, Unitech:

"The big boost in real estate demand will come only after the entire economy turns around. A large percentage of people will defer their decision."

"Several home buyers have been deferring their purchase decision mainly because of general economic downturn and job cuts leading to uncertainty."
RBI steps may spur banks to cut rates

What about reducing property rates, Mr. Chandra and Mr. Raheja?

What is your take on reducing home loan rates without cutting down the property prices? Are you happy with the low interest rate on home loan up to Rs. 20 lakh? Please, share your views in the comments. (Comment Policy)

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