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However, a dip of 2 per cent was seen in quarterly trends due to surge in property prices and hike in lending rates.
The latest repo rate hike by the RBI has come in a bid to curb inflation. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank is now close to 6 per cent.
The housing sector continued its growth momentum in Q2 2022 and even outshined the Q1 demand.