With the sector falling in the GST net, costs are bound to rise. Meanwhile, experts say that in the co-living sector, several large operators have already started consolidating, while several smaller players have shut shop.
Co-living rentals have increased by at least 30 percent since the last year and are likely to increase by 10 percent further. Yet co-living uptake is growing 40 percent, with several players lining up new projects.
Get latest articles and stories on Latest News at LatestLY. Realtors apex body CREDAI on Monday, in its pre-Budget wish list, has sought an increase in the deduction limit on home loan interest to Rs 5 lakh from the current Rs 2 lakh in view of hardening of mortgage rates since May. Latest News | CREDAI Seeks Hike in Deduction Limit on Home Loan Interest to Rs 5 Lakh in Next Year s Budget.
The interest rates on home loans have gone up by around 2 percentage points in the last seven months, to around 8.5 per cent following the hike in repo rates by 225 basis points since May.