08/09/2022
The buoyant outlook for India's housing market has barely changed in the last three months despite the Reserve Bank of India embarking on its most aggressive tightening cycle in a decade, a Reuters poll of property market analysts found.
Relatively late compared with other central banks in raising interest rates, the RBI has raised the repo rate from a pandemic-era record low 4.00% to 5.40% over the last four months. It is expected to add another 60 basis points by end-March, increasing borrowing costs for prospective homebuyers.