26.10.2011 - Home prices may go up on rising cost of funds after RBI's move
Housing prices are set to go up as real estate developers today said they will pass on the increase in cost of funds to home buyers following the Reserve Bank of India's decision to hike key policy rates. "RBI has put us in a sorry situation. It is a vicious circle of higher input cost, higher borrowing cost and higher property prices. We are bound to pass on the increased cost of funds to our customers," Confederation of Real Estate Developers' Association of India (CREDAI) Chairman Pradeep Jain said...............................................Full Article: Source
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