How much increase in Home Loan interest rate will impact investment in new property?
Prameet Singh
1 years ago
Let’s start the year 2014 when I bought my first flat in Bengaluru with SBI Home Loan interest rate of 10.64% for 20 years home loan. Till 2021, the Home loan interest have come down to 6.6% and it was very high attraction for buyers in India to buy more and more houses as a lot of new property.During Corona lockdown period, there was a lot of disruption property investment because of full lockdown in Bengaluru, Hyderabad and a lot of main IT Cities.Now suddenly all the banks have increased their interest rate on Home Loan and this will definitely going to impact people’s choice for investment and people will find for other investment like Stocks and Equity IPO investment instead of buying more houses.Senior Property Advisor from India’s one of the largest Housing Website
HousePerSqft.com
is worried that if these interest rate doesn’t come down sooner it will make Property Investment lower as now a days a lot of new startup IPO are coming.
HousePerSqft.com
is worried that if these interest rate doesn’t come down sooner it will make Property Investment lower as now a days a lot of new startup IPO are coming.
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Prameet Singh
1 years ago
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