Page 3 - Sterling Developers News Today

Bhavesh Kothari, Founder & CEO, of Property First said, Home loan rates would have reached a record high if the RBI MPC had increased the repo rate by 25 basis points, as was predicted by industry experts, keeping in view the inflationary pressure.

Expressing their concern at the possibility of 25 basis points (bps) hike in the repo rate by the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), real estate players on Wednesday said the interest rate for end borrowers may touch ...

As per RBIs latest data, the weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 24 basis points (bps) from 9% in January 2023 to 9.24% in February 2023. While WALR on outstanding rupee loans of SCBs increased by 9 bps from 9.58% in January to 9.67% in February.

Chennai, April 5: Expressing their concern at the possibility of 25 basis points (bps) hike in the repo rate by the Reserve Bank of Indias (RBI) Monetary Policy Committee (MPC), real estate players on Wednesday said the interest rate for end borrowers may touch double digits.

Homebuyers claim that the developer has not provided the required relief even as the 60-day KRERA order deadline approaches.

Sterling Developers Chairman and Managing Director Ramani Sastri describes his positive outlook with respect to the steps taken in budget for propelling demand in realty sector.

Among the most expected factor for home buyers, this budget 2023 would be the increase in deduction limit for interest payments and principal amount on home loans especially to spur demand in a rising interest rates scenario.

Realty stock: Year To Date (YTD) the Nifty realty index has fallen more than 9 per cent but in the past six months have climbed over 9 per cent. Get more Markets News and Business News on Zee Business.

With a cumulative rate hikes of nearly 2 per cent since May, home loan interests are now inching closer to 10 per cent

The continuous rate hikes may lead to short-term impact in the overall housing demand when buyers are optimistic of making a home purchase decision and this may add to buyers' overall acquisition cost.The real estate sector had started seeing ...