Experts think property price may not reduce
Though the Reserve bank of India has reduced the key interest rates by 50 basis points, experts think, the decision is not adequate to make housing loans affordable.
The property advisors says that, ‘it is unlikely that property prices will come down because of this rate cut, and it is the price of properties that is the decisive factor in residential real estate sales.’
They still wants time to express their hope for the real estate sector in India.
The experts are advising to move slow in terms of availing housing loans. As the banks are yet to decide on their revised rates of interest on housing loans.
More related stories:
Real estate market will improve in this year
RBI decision will reduce interest rate for loans
Post Budget scenario: Property price will increase
Source: Times of India
availing housing loans, Housing loans, price of properties, Property Prices, rates of interest, RBI, Real estate sector in India, Reserve Bank of India, Residential real estate
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