With respect to the rising repo rate, several banks have already begun rising home loan rates. This trend is expected to continue. Over the last year, the housing sector has seen a recovery in demand across segments. The higher home loan rates could dent homebuyers’ sentiments, especially in the affordable to mid category. However, we do not see a significant impact on the high-end and luxury segments due to the higher home loan rates” : Ramesh Nair, CEO, India and Managing Director, Market Development, Asia, Colliers
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