home loan rates are bound to shoot up across the board following the Reserve Bank of India's decision to hike cash reserve ratio (CRR) and inter-bank short-term lending rates (repo rates). The home loans rates as of now hover around 11 per cent.

In fact, ICICI Bank and Yes Bank have already announced to raise home loan rates by one per cent. While HDFC Bank and IndusInd Bank, too, are contemplating doing the same, others are also likely to follow suit.

However, most bankers insisted that the rising EMIs have not created any sort of panic. Even realty experts see no signs of distress-selling by investors and houseowners, terming the slowdown in purchases as a temporary phase.

"While realty prices in Zirakpur are plummeting also because of its poor infrastructure, Mohali, too, is facing over-supply.
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