Home affordability for buyers falls 11% after latest RBI repo rate hike: Knight Frank India
"With the cumulative rate hike until today, assuming complete transmission, a prospective home buyers' affordability shrinks by around 11% i.e. from an ability of purchasing a house of Rs.1 crore value shrinking to Rs. 89 lacs now," says Shishir Baijal, Chairman & Managing Director, Knight Frank India.
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