While the hike is on the expected lines, the Real Estate developers and experts said that the corresponding hike in the home loan rates is likely to impact the housing sales during the upcoming festive season.
While the hike is on the expected lines, the Real Estate developers and experts said that the corresponding hike in the home loan rates is likely to impact the housing sales during the upcoming festive season.
The 50 basis points hike in the repo rate coupled with inflationary pressure is likely to impact the sentiment of the Housing sector particularly in the affordable and mid-range housing segments.While the hike is on the expected lines, the Real .
Gurugram (Haryana) [India], September 23 (ANI/NewsVoir): Surging interest in luxury housing has been one of the most remarkable developments in the post-pandemic world. From the need for a larger home and making most of life to a favourable rupee dollar ratio leading to an increase in investments by the NRIs and startup founders looking to save on capital gains tax, the reasons are many. Developers of the luxury housing projects also launched new properties, a few in Delhi and Gurugram but most on the peripheral areas of NCR such as Noida, Sohna Road and Dwarka Expressway. Says Amarjit Bakshi, CMD, Central Park, "There has been a certain shift within the preference. Almost every strategically positioned ultra-luxurious residential project has been sold out. Consumer especially in the post-pandemic era has become extremely discerning. They are not content just with the luxurious interiors but also expect a whole lot of high-end amenities and facilities within the project complex. T