Rising mortgage rates won’t hit housing sales in India, say experts

0
62
Rising mortgage rates won’t hit housing sales in India, say experts

Higher mortgage rates will have a lower impact on the Indian housing market than in the US market, said Kotak Institutional Equities (KIE)

Topics


housing sector | Housing sales | repo rate

Domestic mortgage rates have increased by around 90 basis points – similar to the increase in the repo rate.

The increase in the repo rate and the subsequent rise in mortgage rates are unlikely to have a major impact on residential sales in the country, stock brokerages have said.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

Key stories on business-standard.com are available to premium subscribers only.



Already a premium subscriber? LOGIN NOW

SUBSCRIBE TO INSIGHTS

MONTHLY

Select

ANNUAL

Select

Best Offer

SMART ANNUAL

Opt for auto renewal and save Rs 300

Select

What you get on Business Standard Premium?

Dear Reader,



Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, June 22 2022. 00:26 IST

Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here