Builders see short-term impact on housing sales on likely hike in home loan rate
The RBI's decision to raise the benchmark lending rate by 50 basis points to 5.40 per cent will make home loans costlier, and thus reducing affordability of prospective homebuyers, they added. On the policy, realtors' body CREDAI President Harsh Vardhan Patodia said: "...we expect the repo rate hike to momentarily disrupt sales in the sector but given the positive sentiment of the homebuyers, the effect may not last long."