E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. Interviews

Repo Rate Hike To Have Short Term Impact On Homebuyers

The RBI policy rate is now at its highest level since August 2018. This is the fifth rate hike by the central bank in this financial year. Here are the reactions from the real estate players.

BY Realty+
Published - Saturday, 10 Dec, 2022
Repo Rate Hike To Have Short Term Impact On Homebuyers

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) hiked the repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect, RBI Governor Shaktikanta Das announced. 

As per Samyak Jain, Director, Siddha Group, "The RBI has come far from synchronised rate hikes in its policy, as inflation outlook is beaming. Attempting to taper inflation, the Central Bank's hike in the repo rate, much to expectations, will force the banks to increase lending rates impacting the quantum of home loans off - take and pushing EMIs upwards. The EMI - driven housing market will thus have a cumulative effect and gradually it will slower the housing inventory turnover by weakening the homebuyers' affordability shadowed by increased interest rates. A lesser repo rate hike would have helped tackle inflation, yet managing growth. Mumbai's residential realty market, which has already been hit by increased interest rates, will further get impacted for the homebuyers in the pricing category of Rs 1 crore and above."

Bhushan Nemlekar, Director, Sumit Woods Limited stated, "Due to the pandemic and the geopolitical issues, the input costs were already high and now with these consecutive rate hikes, it will only dampen the spirit of the entire real estate value chain. The cost of borrowing for both developers and buyers will be impacted and this will result in undesired rate hikes across the spectrum. However, we did not see much impact on the buying spree in the last couple of quarters since there are genuine buyers in the market to keep the momentum going." 

Dr. Sachin Chopda, Managing Director, Pushpam Group swhared, “RBI's decision to hike the policy repo rate was anticipated, factoring the rise in inflation. The rate hike is likely to shrink liquidity in the economy overall, especially impacting the investor’s sentiments. There will be a short-term pause on the minds of the investors while assessing the volatility of the current market dynamics. However, they are bound to return soon in the market once it is stable.’’

RELATED STORY VIEW MORE

Notarized vs. Registered Rent Agreements: What You Need to Know
Beyond Chatbots: Changing Real Estate Customer Conversations
Power Of Brand Collaborations In Malls

TOP STORY VIEW MORE

HC Relief to WTCA on Trademark Row

WTCA expressed gratification for the High Court of Delhi recognizing that the Bhalla Group of Companies was continuing to infringe on its world-famous brands.

09 May, 2025

Beyond Chatbots: Changing Real Estate Customer Conversations

09 May, 2025

Instant, Legal Access to U.S. Property Equity Market for Indian Investors

09 May, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website