Due to the Reserve Bank of India hike in reference rate by 50 basis points pushed back to the home loan takers and leaves worried too. RBI hike will severely affect to the several areas such as this force to Banks to recalculate their base rate and also affect to the borrower who have taken the home loan on floating interest rates. As the hike will made it costlier to the banks and bank will move on this burden to the customers.
After the increased rate by RBI from onwards borrowers will have to keep up their budget to meet the benchmark on account of EMI.
This new hikes applies for the home buyers those who have taken possession of property. And the situation goes worst for the buyers who have booked into projects under-process.
Now several builders depend on forthcoming bookings to fund their undergoing projects, the common anticipation will cause new bookings to decrease. The developer will find it difficult to carry on construction on projects where work was in full swing.
Posted: 02 Aug 2011 04:38 AM PDT
After the increased rate by RBI from onwards borrowers will have to keep up their budget to meet the benchmark on account of EMI.
This new hikes applies for the home buyers those who have taken possession of property. And the situation goes worst for the buyers who have booked into projects under-process.
Now several builders depend on forthcoming bookings to fund their undergoing projects, the common anticipation will cause new bookings to decrease. The developer will find it difficult to carry on construction on projects where work was in full swing.
Posted: 02 Aug 2011 04:38 AM PDT
No comments:
Post a Comment