Will Lodha Developers Plan to Lock in an Interest Rate of Below 7 Per Cent be Successful?

Lodha Developers has made available properties with an attractive interest rate of 6.99% till 2024, a savings of 1.5% over the current home loan rates. Through this programme, Lodha intends to shield homeowners from the predicted rise in repo rates and home loan interest rates. This initiative's financial assistance would help prospective homeowners to acquire their ideal residences and live better lives.

Lodha's president of marketing and corporate relations, Raunika Malhotra, said, "With this initiative, we want to make their goal of owning a beautiful house a reality. The 'interest locked' plan would provide Indian buyers security for the following 24 months and cover up to 1.5 percent of their property loans. The previous two years have seen a decline in interest rates; with this programme, we want to maintain the lowest rates for discriminating homebuyers in over a decade. We wish to allow a more full existence for Indians despite the ever-changing environment, and achieve our goal to establish a better life by doing more good."

The new effort from Lodha presents a chance to not only optimise profits despite rising housing prices, but also double the savings for end-users with the continued 1 percent discount on stamp duty for female purchasers.

Recently, this project to set the interest rate until 2024 has been developed in response to the rising need for financial assistance among homebuyers, enabling them to purchase a high-quality property and safeguard their future.