Highest home loan rates.

Q: Was there a hike in interest rates in 2011? If yes did the hiked interest rates affect the developers?

Pavan Jain, Delhi-NCR

27th December 2011

Home Loan in Delhi

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In 2011, the biggest concern for home buyers has been the high interest rate. According source, there was 13 interest rate hikes on home loans in 12 months. But this is also an year for property buyers where started buying aggressively in the peripheral and suburban areas of cities across the country in search of lower cost apartments and better lifestyle features. In 2011, developers have been forced to continue development, knowing the buyers will enter at the end of the development cycle.

sujatha,

27th December 2011

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In a period of 12 months the interest rates has been hiked for 13 times. Due to increase rates of home loan the realty sale dropped down and the developers also faced huge loss. The developers also had to sell the properties at affordable prices.

Neha Srivastava, Delhi-NCR

27th December 2011

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