Expectation on RBI Monetary Policy By Vimal Nadar, Colliers India
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Below is Expectation on RBI Monetary Policy By Vimal Nadar, Head of Research at Colliers India
Home loan interest rates are already at an alarmingly higher level of 9.5% and above in response to the increase in repo rates. While the rationale for another potential hike is being justified for inflation containment amidst a global gloomy environment, it is pertinent to evaluate its adverse impact on the real estate sector. With homebuyers already stretched on EMIs and loan tenures, a further hike in interest rate will hit them hard. The impact will be compounded in the current environment where the industry expects a lesser increase in income levels with housing prices remaining firm.
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