Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

Rate cuts will boost housing sector demand

1 Comment Sub Category:Other cities,Real estate trends,Realty News Posted On: Oct 03, 2012

Experts say that the present slowdown in the economy can be turned to a projected growth with a revival in the real estate sector.

When India’s economic growth had slowed down to 6.7 per cent in 2008-09 from 9.3 per cent in the previous year, the revival of the real estate sector with a growth in affordable housing segment led to a turnaround in the economy,  which saw a growth rate of 8.4 per cent in 2009-10.

As the home loans given are backed by solid collaterals, the chances of default by borrowers are very low. If home loan interest rate is brought down to 7% from 10%, an individual’s borrowing capacity will increase.

Getamber Anand, officiating president of Credai, NCR, said that an interest rate cut will trigger a boom in the real estate market and is much needed to support this sector.

To read more real estate news:

Banks offer repayment in 30 years for home buyers

One Response to “Rate cuts will boost housing sector demand”

  1. [...] Rate cuts will boost housing sector demand Related articles [...]

Leave a Reply



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!