Real estate Developers do not foresee any increase in home loan rates:
In a move to rein in the runaway inflation, the apex bank today increased the repo and reverse repo rates by 25 basis points each and the CRR also by 25 basis points."It's a very balanced and calibrated announcement meant to control inflation. The signals from the PSUs as well as private banks are favourable and they expect no increase in home loan rates. This will be the ultimate interest of the home buyers," DLF Group Executive Director Rajeev Talwar said.
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First, there is no demand for housed at current prices. Fact, there is demand for houses ate reducd prices.
ReplyDeleteSecond, you quote a seller. Demand comes from buyer. You should quote a buyer.
Third, very reason you posted this quote signals worry from builder lobby on rate hikes as they know this house of cards will fall the moment rates are hiked. It will fall anyway if rates are not hiked as then subprime like situation may come to India.