Home loans to get dearer, but buyer sentiment unlikely to be impacted significantly: Consultants
As widely expected, the Reserve Bank of India (RBI) hiked the repo rate for the fourth time in a row by a further 50 bps to 5.9% in its bi-monthly policy meeting on Friday – a move which will make all types of loans, including home loans, more expensive now.
Commenting on the rate hike, real estate analysts said the move could impact residential sales to some extent during the upcoming festive quarter, particularly in the affordable and mid-range housing segments.
