Following the surprise hike in repo rate in May, home loan rates have already moved up from their all-time lows that have been helping key property markets surpass pre-Covid levels and witness record sales. With hardening interest rates, realtors will now have to provide offers to stimulate and maintain the momentum of demand.
Economy revving but inflation gauge flashing red: RBI’s Das
RBI Governor Shaktikanta Das stated that India’s economy remains robust but warned of escalating inflation, potentially surpassing September’s 5.5%. He indicated that high inflation might