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Aug 05, 2022, 11.30 AM

RBI Rate Hike can have moderate impact on Housing Sales: ANAROCK Group

As per ANAROCK Research, approximately 1.85 lakh units were sold in H1 2022 across the top 7 cities. 

Rising home loan rates and construction costs – will impact residential sales that did reasonably well in the first half of 2022. 

RBI Rate Hike can have moderate impact on Housing Sales, stated Anuj Puri, Chairman – ANAROCK Group.

Puri, stated, "A rate hike was expected, but the expectation was for a maximum of 35 bps. The hike by 50 bps is definitely on the higher side, and home loan lending rates will now edge further into the red zone."

Rising home loan rates and construction costs – will impact residential sales that did reasonably well in the first half of 2022. 

As per ANAROCK Research, approx. 1.85 lakh units were sold in H1 2022 across the top 7 cities. 

 

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