Apr 27 2007
Interest rate has become real estate market navigator
Today the hottest topic is increase in rate of interest for home loan. Before increase in interest rates, the constant increase in property price was the main theme of the real estate India market. Now costly home loan over the increased price of property in India has troubled the buyers. A group of property market experts agrees that the costly home loan era will prevail for a longer period, whereas as per the views of the other group, the increase in interest rates may not continue for a long time. The government has adopted the traditional formula to control the rising cost by increasing the CRR that now does not look very practicable. The dearness cannot be controlled by removing the money form the real estate India market but it is necessary to increase availability of goods, many economists are also of the same opinion.
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