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Lower interest rate to boost housing in demonetised era: Primarc director

The impact might be felt only in the very premium real estate segment but definitely not in the budget housing segment, says Pansari

Press Trust of India  |  Kolkata 

Demonetisation is expected to bring down housing loan interest rates by 100-150 basis points over the next six months which will in turn, spur demand for housing in mid and budget segments, a real estate official said on Friday. "In the next six months, interest rate will come down to 7.5-8% from current level of 9.5% on an average, as an effect of demonetisation," city-based real estate major Primarc director Siddharth Pansari told PTI. Demonetisation is going to impact real estate prices sharply as is widely believed, but it is not going to be so for budget and ...


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First Published: Fri, December 02 2016. 17:09 IST