Real estate

Higher Housing Interest rates will affect Real Estate

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Written by Admin Wednesday, 29 June 2011 15:45

The RBI’s 50 point hike in repo rate is going to affect the real estate sector adversely. Already, the interest rate for housing loan is at higher side. This step will further worsen the situation in the real estate sector.

The RBI rate hike would increase the cost of funds for banks, which may pass on to consumers, as they have in the past. Besides, the banks are also facing liquidity pressure, leading them to hike deposit rates.

Repo rate, or RBI’s main lending rate, is the rate at which banks borrow funds from the RBI. When the repo rate increases, borrowing from the RBI becomes more expensive for the banks.

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Chandigarh and surrounding real estate – Good area for Investors

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Written by Admin Wednesday, 29 June 2011 15:45

Chandigarh is attracting big names of real estates because of its scenic beauty and geographical location. It is a planned and well maintained city. That is why people love to live in and surrounding Chandigarh.

“The City Beautiful” with high per capita income and higher standard of living, attracts both national and international builders, investors and buyers.  Greens belts, pedestrian paths and roads are well maintained. Modern styled IT Park is developed to meet the IT needs and requirements. Educational sector is also coming up well as various educational and engineering colleges are coming up in Chandigarh and surrounding area.

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Real Estate

The RBI’s 50 point hike in repo rate is going to affect the real estate sector adversely. Already, the interest rate for housing loan is at higher side.

Chandigarh and surrounding real estate – Good area for Investors
 

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