Despite the plea by Finance Minister P. Chidambaram to the chief of all the banks regarding the issue of increase of Indian Home Loan Rates, banks are increasing the home loan rates bya steep one percentage. This can directly affect the Real Estate Industry.
The values of residential real estate have remained flat for the last three months and in north India have started falling. The latest rise in interest rates could accelerate the fall, say real estate experts.
Interestingly, prices of commercial property across the country are still going up and analysts expect that trend to continue.

Lets see where it all leads the Indian Real Estate.