Construction Industry News
On Wednesday, the RBI raised the key benchmark rate by 50 basis points. The RBI's decision to raise benchmark rates to make home loans more expensive and could affect home sales in affordable and middle-income segments.
Real estate consultancies such as India Sotheby's International Realty, Anarock, JLL India, Knight Frank India, Colliers India and Investors Clinic said the move was on track to curb inflation and would result in a rise in interest rates on home loans.
Anarock chairman, Anuj Puri, said the rate hike will raise interest rates on housing loans, which were already rising after the surprise monetary policy announcement in May.
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