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"Property prices are bound to go up in next 3-6 months by 5-10 per cent across the country," Confederation of Real Estate Developers' Associations of India (CREDAI) Chairman Pradeep Jain told PTI. Jain, who is also the Chairman of [URL="http://economictimes.indiatimes.com/parsvnath-developers-ltd/stocks/companyid-15609.cms"][COLOR=#024e97]Parsvnath Developers[/COLOR][/URL], said the hike in repo and reverse repo rates would result in an increase in interest rates for builders and the same would be passed on to home buyers. He, however, said demand would not be hit despite the expected rise in interest rates on home loans. "People will continue to buy knowing that housing prices would go up further," he said. [/FONT][/COLOR] [COLOR=#404040][FONT=Arial][/FONT][/COLOR] [COLOR=#404040][FONT=Arial][/FONT][/COLOR] [COLOR=#404040][FONT=Arial]People: Comments Comments Comments!!!:bab (35):[/FONT][/COLOR]" ["moderated"]=> NULL ["pagetextimages"]=> NULL ["pagetext"]=> NULL ["htmlstate"]=> string(3) "off" ["allowsmilie"]=> string(1) "0" ["showsignature"]=> string(1) "0" ["attach"]=> array(0) { } ["infraction"]=> string(1) "0" ["reportnodeid"]=> string(1) "0" ["iconpath"]=> string(22) "images/icons/icon6.png" ["channelroute"]=> string(3) "172" ["channeltitle"]=> string(17) "Noida Real Estate" ["channelid"]=> string(2) "70" ["starterroute"]=> string(3) "173" ["startertitle"]=> string(60) "Housing prices may go up by 5-10% with rising interest rates" ["starterauthorname"]=> string(8) "Rohan_23" ["starterprefixid"]=> string(0) "" ["starteruserid"]=> string(5) "90981" ["starterlastcontentid"]=> string(6) "353880" ["startertotalcount"]=> string(1) "8" ["starterurlident"]=> string(59) "housing-prices-may-go-up-by-5-10-with-rising-interest-rates" ["deleteusername"]=> NULL ["lastauthorname"]=> string(10) "Venkytalks" ["edit_reason"]=> NULL ["edit_userid"]=> NULL ["edit_username"]=> NULL ["edit_dateline"]=> NULL ["hashistory"]=> NULL ["starternodeoptions"]=> string(3) "138" ["channelnodeoptions"]=> string(3) "138" ["contenttypeclass"]=> string(4) "Text" ["createpermissions"]=> bool(false) ["moderatorperms"]=> array(26) { ["caneditposts"]=> int(0) ["candeleteposts"]=> int(0) ["canopenclose"]=> int(0) ["caneditthreads"]=> int(0) ["canmanagethreads"]=> int(0) ["canannounce"]=> int(0) ["canmoderateposts"]=> int(0) ["canmoderateattachments"]=> int(0) ["canmassmove"]=> int(0) ["canmassprune"]=> int(0) ["canviewips"]=> int(0) ["canviewprofile"]=> int(0) ["canbanusers"]=> int(0) ["canunbanusers"]=> int(0) ["newthreademail"]=> int(0) ["newpostemail"]=> int(0) ["canremoveposts"]=> int(0) ["caneditsigs"]=> int(0) ["caneditavatar"]=> int(0) ["caneditpoll"]=> int(0) ["cansetfeatured"]=> int(0) ["canmoderatetags"]=> int(0) ["canaddowners"]=> int(0) ["canharddeleteposts"]=> int(0) ["canundeleteposts"]=> int(0) ["candeletethread"]=> int(0) } ["channeltype"]=> string(5) "forum" ["canedit"]=> int(0) ["canview"]=> int(1) ["canmove"]=> int(0) ["candeleteposts"]=> int(0) ["candeletethread"]=> int(0) ["canopenclose"]=> int(0) ["canremove"]=> int(0) ["canundeleteposts"]=> int(0) ["showUnpublishedNotice"]=> int(0) ["canharddeleteposts"]=> int(0) ["moderate"]=> array(1) { ["candeleteposts"]=> int(0) } ["canmoderate"]=> int(0) ["textcount_1"]=> int(8) ["totalcount_1"]=> int(8) ["allow_post"]=> int(1) ["moderate_comments"]=> int(0) ["approve_membership"]=> int(1) ["invite_only"]=> int(0) ["autoparselinks"]=> int(0) ["disablesmilies"]=> int(0) ["disable_bbcode"]=> int(0) ["hide_title"]=> int(0) ["hide_author"]=> int(0) ["hide_publishdate"]=> int(0) ["display_fullincategory"]=> int(0) ["display_pageviews"]=> int(0) ["hide_comment_count"]=> int(0) ["can_flag"]=> int(0) ["caninfract"]=> int(0) ["canviewnodeinfraction"]=> int(0) ["canseewholiked"]=> int(0) ["can_comment"]=> int(0) ["canreply"]=> int(0) ["permissions"]=> array(12) { ["canedit"]=> int(0) ["canmoderate"]=> int(0) ["canvote"]=> int(0) ["canuserep"]=> int(0) ["canremove"]=> int(0) ["can_flag"]=> int(0) ["canviewthreads"]=> int(1) ["canviewothers"]=> int(1) ["caninfract"]=> int(0) ["canviewnodeinfraction"]=> int(0) ["canseewholiked"]=> int(0) ["can_comment"]=> int(0) } ["signature"]=> NULL ["musername"]=> string(8) "Rohan_23" ["online"]=> string(7) "offline" ["reputation"]=> string(1) "0" ["showreputation"]=> int(1024) ["reputationlevelid"]=> string(1) "4" ["reputationpower"]=> int(1) ["reputationimg"]=> array(3) { ["type"]=> string(7) "balance" ["level"]=> string(11) "reputation4" ["bars"]=> int(0) } ["canedittitle"]=> int(0) ["userinfo"]=> array(8) { ["userid"]=> string(5) "90981" ["username"]=> string(8) "Rohan_23" ["rank"]=> string(0) "" ["usertitle"]=> string(10) "New Member" ["joindate"]=> string(10) "1306340109" ["posts"]=> string(2) "19" ["customtitle"]=> string(1) "0" ["userfield"]=> array(1) { ["field7"]=> string(0) "" } } ["photocount"]=> int(0) ["nodeVoted"]=> int(1) ["attachments"]=> array(0) { } ["avatar"]=> array(2) { ["hascustom"]=> int(0) ["avatarpath"]=> string(39) "images/default/default_avatar_thumb.png" } ["avatar_last_poster"]=> array(2) { ["hascustom"]=> int(1) ["avatarpath"]=> string(50) "image.php?userid=42047&thumb=1&dateline=1344504911" } ["isVisitorMessage"]=> int(0) ["subscribed"]=> int(0) ["joined"]=> bool(false) ["can_use_multiquote"]=> string(1) "0" ["views"]=> string(4) "1946" ["senderAvatar"]=> array(2) { ["hascustom"]=> int(0) ["avatarpath"]=> string(40) "images/default/default_avatar_medium.png" } ["parsedSignature"]=> string(0) "" }
"Property prices are bound to go up in next 3-6 months by 5-10 per cent across the country," Confederation of Real Estate Developers' Associations of India (CREDAI) Chairman Pradeep Jain told PTI.
Jain, who is also the Chairman of Parsvnath Developers, said the hike in repo and reverse repo rates would result in an increase in interest rates for builders and the same would be passed on to home buyers.
He, however, said demand would not be hit despite the expected rise in interest rates on home loans. "People will continue to buy knowing that housing prices would go up further," he said.
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