Interest rates on home loans have risen to 8.5 percent from 6.5 percent at the start of this year . Developers say the next quarter, 2022-23, would be the best time to invest in all real estate segments .
According to Real estate consultant Anarock Chairman Anuj Puri, the RBI's decision to raise the repo rate would have a modest short-term effect on housing demand in the case of a rise in home loan interest rates.Many developers said that higher repo rates would have a direct effect on end users, including home buyers, since banks would eventually pass on this increase to customers, which may dampen the current momentum in the short term.However, interest rates on home loans have risen to 8.5 percent from 6.5 percent at the start of this year, according to Jayanta Dutt, MD & CEO of Tata Realty & Infrastructure Ltd., the next quarter, 2022-23, would be the best time to invest in all real estate segments, he said.Rather, demand for housing has remained strong across all price categories in the residential segment, according to Housing.com Group CEO Dhruv Agarwala.As per Knight Frank India CEO Shishir Baijal, the average home loan rate has increased steadily over the last year, and he expects this to continue until the home loan rate hits the low middle-range range, he said.