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Costlier home loans may hit housing sales; builders expect minimal impact on festive demand

Housing sales are likely to be affected as home loans will become costlier after the RBI's latest hike in repo rate, but builders hope that pent up and festive demand will negate any major impact on buying sentiment.

 

NAREDCO Vice Chairman Niranjan Hiranandani said any further hike in interest rate, compounded with commodity inflation, would act as a market dampener. He said the government should make fiscal interventions to check inflation.

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