Higher Mortgage Costs May Slow Housing Sales, Realtors Warn After RBI Rate Hike
Indiaโs real estate industry is bracing for a possible slowdown in home sales after the Reserve Bank of India raised the repo rate by 25 basis points, lifting borrowing costs for homebuyers. Industry bodies CREDAI and NAREDCO said the increase could weigh on festive-season demand, even as underlying housing sentiment remains supported by long-term end-user demand and recent sales resilience in major cities.
