Features: Magazine | Literary Review | Life | Metro Plus | Open Page | Education Plus | Book Review | Business | SciTech | Friday Review | Young World | Property Plus | Quest | Folio |

Housing demand not to slow down: NCAER report

Rising interest rates are not likely to dampen demand in the housing sector, feels economic think-tank NCAER.

Increasing interest rates are less likely to slow down housing demand and consequently may raise real estate prices further, NCAER said in its Quarterly Review of the Economy released recently.

Citing the reason for the rise in prices, the report said, there is a shortage of homes in every segment of society and with rising income and improvement in quality of houses, the prices are bound to rise.

Home loans over one last year have moved quite substantially as there is sharp increase in credit to deposit ratio of commercial banks.

According to industry estimates, home loan disbursement was pegged to grow by 18 per cent to Rs.1,00,000 crore.

- PTI

Printer friendly page  
Send this article to Friends by E-Mail