The Dream of Homeownership Grows 2024 is a terrific year for Indian homebuyers due to numerous major advancements. Significant savings from a steady repo rate and an optimistic government budget encourage more individuals to purchase properties.

Since the Indian housing market is middle-class, house loan interest rates greatly impact home buying emotion. Individuals and families intending to purchase a house (one of the major choices of their life) must also consider interest rates and EMI expenses.

Despite rising interest rates over the last 18 months, asset quality has improved in the Indian home financing market. Rising incomes have offset greater monthly payments, ensuring stability.

The Reserve Bank of India's fifth straight repo rate hold at 6.5% is likely to boost the Indian property industry, especially Mumbai house sales.

Any changes in home loan interest rates definitely affects the real estate market. Let us examine closely the impact that the current increase interest rates might have on the Indian real estate market, especially the affordable and mid segments.

Looking For A Home Loan? How to Decide Between Fixed or Floating Interest Rates?

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.

On April 22, 2022 the state-owned Bank of Baroda announced a temporary reduction in the interest rate on house loans to 6.50 percent per year from 6.75 percent per annum.

The lower the loan-to-value ratio, the better the other terms and interest rates on your home loan.