Subhash Goel insights highlight a crucial aspect of the current economic landscape. With the RBI's decision to increase interest rates, homebuyers are likely to face higher acquisition costs due to increased monthly EMI payments. While the overall impact on residential sales may be minor, any rise in costs can certainly affect buyer sentiment and purchasing power. This situation underscores the importance of strategic planning for both developers and buyers in navigating these changes in the housing market. Adjustments in pricing, financing options, and timing may be necessary to mitigate the effects of rising interest rates on home sales.
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Subhash Goel Pune, MD, Goel Ganga Developments.
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