The RBI's credit policy announcement will have a positive impact on home buyers with loan interest rates coming down, according to real estate portal indiaproperty.com.
Those on the look out for their dream home will find that they are possibly better off buying now than before, Mr Ganesh Vasudevan, Vice-President, indiaproperty.com, said.
Addressing a press conference here today, Mr Vasudevan said the RBI's policy move augured well for new home buyers who were faced with high interest rates in the past few quarters. They will now be more comfortable acquiring a new property.
Announcing their plan to host Gruhapravesham 2012 at the Hitex exhibition centre here during April 27-29, Mr Vasudevan said recent buying pattern shows that buyers were looking at apartments which are smaller in size now compared to say three four years ago. That is instead of opting for a three-bedroom apartment, they are preferring a two-bedroom one. This has positive impact on their overall spendand loan repayment terms.
The event to be hosted at Hyderabad will showcase around 2,000 new properties, 40 builders and 10 new projects. A panel discussion will have experts sharing their insights on opportunities.
Contrary to general perception, there is no oversupply in the Hyderabad real estate market. In fact, there is demand for affordable segment and possibly some excess supply in luxury projects area, he said.