| The real estate industry is caught in a pincer attack after the Reserve Bank hoisted the policy rate by 0.5 percentage point more this week. Consumers are expected to buy less because home loans are expensive, while builders will charge more because corporate borrowing is costlier.
“Unless the real estate prices come down the customers simply cant affordto buy their dream home,” said Vipul Patel, director, Home Loan Advisors, a Mumbai-based independent mortgage advisory company.............................................Full Article: Source
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