Construction Industry News
Nearly 70 percent of developers in the Delhi National Capital Region (Delhi-NCR) have seen no impact on housing demand given the recent rise in interest rates on home loans, according to a survey by real estate agency CREDAI.
In a survey conducted by CREDAI-NCR between June 21 and June 30, about 68 percent of respondents said the recent rise in mortgage rates had no impact on demand, while 27 percent suggested a marginal decline in sales/applications . Speaking at a press conference, CREDAI-NCR President Manoj Gaur said there has been little impact on housing demand following the RBI's decision to raise the repo rate by 90 basis points in two tranches, although banks immediately raised rates on home loans. the move of the RBI.
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