“RBI has done it to first assess the effects of demonetisation and in next month hopefully we will get a clear picture about repo rates & reduction of interest rate that will be beneficial to the buyers.
However, New home loan borrowers may still see lower EMIs on their loans because amidst intensifying competition among the banks. The home loan rates are already at a low and prices of real estate are also stable making it lucrative for the buyers to take quick decision to buy a home”.
Deepak Kapoor, President, CREDAI Western UP