Investment in real estate

Investment in real estate (1)

The buyers were expecting correction in prices over the last two quarters and reduction of home loan interest rates. In fact the inflation corrected in Dec 13 but RBI increased the repo rate by 25 basis points in Jan 14.The Banks have not increased the rate but some Banks e.g SBI have started offering lower rates for new borrowers.

Trend in prices (Residex)

The Residex published by NHB is almost flat over the last two quarters baring 2-3% increase in some cities e.g. Chennai and Lucknow. Prices have corrected by 3-5% in Delhi, Bhopal and Jaipur and remained flat in other cities.

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