Input of CREDAI NCR II RBI’s Monitoring Policy Review

By Mr. Pankaj Bajaj, President, CREDAI NCR

New Delhi, June 08, 2018: According to Mr. Pankaj Bajaj, President, CREDAI NCR “Real estate sector needs all the help it can to help revive the demand which has been on hold for last 2 or 3 years. We would have been happy if home loan rates had remain unchanged. But .25% change in home loan rates is not material to sway the purchase decision of a prospective urban family which is thinking of buying a home. The government has made a number of other interventions in the last 1 year to revive housing demand. I don’t think a marginal rate hike would have too much of an impact. Home loan rates are still quite attractive”.

Corporate Comm India(CCI Newswire)