The Reserve Bank of India (RBI) uses the repo rate, the interest rate at which it lends to commercial banks, to control inflation.
Commercial real estate faces dwindling demand, impacting lending. Oversupply and low occupancy rates make banks cautious, impacting developers seeking funding.
Ansal Properties to invest twenty billion rupees in affordable housing this fiscal year, marking the final installment of a sixty billion rupees investment for developing nineteen integrated townships.
Housing loan growth declines to 12% in 2008, while personal loan and real estate sector credit expansion slows down.
Housing loan demand declines as interest rates remain high, with growth rates halving from 25.8% to 12% within a year, according to the Reserve Bank of India.