Interest rates continues to be a concern
Bangalore residential realty market is witnessing new launches every now and then however, raising interest rates has become a major concern.
Midst this concern well known developers are confident of meeting targets of 10 million square feet each in FY12.
Prestige Group expert say that interest rates may not stay same in future as loans are long term by nature having ups and downs within its window.
Adding on to the talks an expert from Sobha Developers say, the sudden withdrawal of SBI interest rate has brought in major re-adjustments in the consumers.
However, the real estate experts as well as loan borrowers hope the interest rate doesn’t hike in near future at least!
Source: CNBC News
Bangalore, Consumers, Developers, FY12, Interest rate, Loan Borrowers, Prestige Group, Raising interest rates, Real estate experts, Residential realty market, SBI interest rate, Sobha Developers
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