How will be interest rate impact on housing demand

UPTREND CONTINUES IN REAL ESTATE DESPITE INFLATION AND RISE IN INTEREST RATE. The Indian real estate market is showing remarkable structural uptrend in terms of both the number of sales going up by almost 10-15% higher as compared to last year’s sales for most of the companies across all real estate markets. Secondly the larger size and premium apartments are showing more growth than the affordable housing segment. This differential was lacking previously and augurs well for the real estate industry. Moreover despite higher mortgage loan rates, most Home Loan Lenders have experienced almost 20% growth.

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