Effect of Home loan rate increase on Pune property rate ? - Indian Real Estate Forum

amolk09 · 12-02-10

Today there is a news that Home rate are going to be revised upwards. Its estimated that there will be increase of 2 % . Recently pune property rates soared thanks to the deep in the home loan rates . Many buyers seating on the fence jumped into the market which caused sudden rise in the property rates all across pune . We witnessed sudden rise of 100 to 500 Rs psf all across pune .
Now after home loan rate increase whats expected ? or same old story will continue like builder mafia claiming all flats sold out within 2 hrs after booking start .

thanks
Amol

amolk09 · 14-02-10

Guys
Waiting for some advice or views !

puser · 14-02-10

Expected is that psf rate to go down. But over all customer will remain equally burdened

Don't expect miraculous dip though!

amolk09 · 14-02-10

Quote:

Originally Posted by puser

Expected is that psf rate to go down. But over all customer will remain equally burdened

Don't expect miraculous dip though!

Agree !! Thought so !! even psf rate goes down , EMI will be higher ... so burden on buyers will be the same .. Looks its a game of see-saw ... right

sandy77 · 14-02-10

http://www.indianrealestateforum.com...532/page4.html

similar things are discussed in two threads,

Let us discuss the things in one thread so that discussions are fruitful.

12-02-10	#1
amolk09 Member Join Date: Feb 2010 Posts: 109 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts	Effect of Home loan rate increase on Pune property rate ? Today there is a news that Home rate are going to be revised upwards. Its estimated that there will be increase of 2 % . Recently pune property rates soared thanks to the deep in the home loan rates . Many buyers seating on the fence jumped into the market which caused sudden rise in the property rates all across pune . We witnessed sudden rise of 100 to 500 Rs psf all across pune . Now after home loan rate increase whats expected ? or same old story will continue like builder mafia claiming all flats sold out within 2 hrs after booking start . thanks Amol Last edited by amolk09; 14-02-10 at 12:50 AM.

14-02-10	#2
amolk09 Member Join Date: Feb 2010 Posts: 109 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts	home loan increase ? Guys Waiting for some advice or views !

14-02-10	#5
sandy77 Member Join Date: Nov 2009 Posts: 73 Thanks: 0 Thanked 0 Times in 0 Posts	similar threads http://www.indianrealestateforum.com...532/page4.html similar things are discussed in two threads, Let us discuss the things in one thread so that discussions are fruitful.

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14-02-10	#3
puser Veteran Member Join Date: Apr 2009 Posts: 1,602 My Mood: Thanks: 30 Thanked 12 Times in 10 Posts	Expected is that psf rate to go down. But over all customer will remain equally burdened Don't expect miraculous dip though!