As per econimic times sales of homes in major cities of India are not right path. New Delhi ranks at first position as per the sources with 33% increase in sales number.
- Delhi/NCR = 33.00%
- Mumbai = 12.00%
- Ahmedabad = 32.00%
- Chennai = 25.00%
- Hyderabad = 20.00%
- Kolkata = 14.00%
- Bengaluru = - 18.00%
- Pune = - 25.00%
As per sources, Sales of under 25 lakh of home/ appartments surge by huge 46.00%.
On the other side, apartments with price between 25 lakh to 50 lakh saw a jump of 13.00%
Sale of apartments whose costing is more than 50 lakh saw a drop of 4-9% on yearly basis.
Main reason for hike in sales of homes in country are cuts in interest rates of major banks. SBI currently offers home loans at 8.30% for women borrowers and 8.35% for others. Other banks like HDFC Ltd, ICICI Bank offers loan at 8.35% for both the borrowers. LIC housing Finance offers 8.35% rate of interest to its customers.