|Interest Rates (Photo credit: 401(K) 2013)|
Money Available In The Hands Of Buyers
The reduction in the basis point by the HDFC has brought down the rate of interest for home loans. This means that you have to pay almost seven or eight lakhs less in total than you would have previously paid on the same loan amount. With less money to repay, buyers are now keener to take home loan in India and buy houses.
Increased Demand For Real Estate Investment
Increased Buying of Property
The Young Crowd Is Buying Property
Property Prices Are Rising
These are the six effects of HDFC’s home loan cuts. It is time to make full use of it and benefit from it.