Interest rate hike has not deterred most home buyers: survey
Real Estate

Interest rate hike has not deterred most home buyers: survey

Nearly 70 per cent of the developers in the Delhi National Capital Region (Delhi-NCR) have seen no impact on housing demand from the recent hike in interest rates on home loans, according to a survey by realtors' body CREDAI.

In a survey conducted between June 21 and June 30 by CREDAI-NCR, around 68 per cent of respondents said there has been no impact on demand from the recent increase in home loan lending rates, while 27 per cent suggested marginal decrease in sales/enquiries. Addressing a press conference, CREDAI-NCR President Manoj Gaur said there has not been much impact on housing demand following the RBI's decision to hike the repo rate by 90 basis points in two tranches, even though banks immediately hiked the interest rate on home loans after the RBI's move.

Gaur rued that the banks do not pass on the benefit with similar promptness when there is a decline in repo rate. CREDAI-NCR General Secretary Gaurav Gupta said 82.5 per cent of developers plan to launch new projects this year. Over 76 per cent of respondents prefer to launch housing projects. Nearly 50 per cent want to bring affordable housing projects in the price range of Rs 3,000-5,000 per square foot.

Also Read:
RBI rate hikes, higher costs fail to deter home buyers
Housing market shows YoY increase of 3-9%


Nearly 70 per cent of the developers in the Delhi National Capital Region (Delhi-NCR) have seen no impact on housing demand from the recent hike in interest rates on home loans, according to a survey by realtors' body CREDAI. In a survey conducted between June 21 and June 30 by CREDAI-NCR, around 68 per cent of respondents said there has been no impact on demand from the recent increase in home loan lending rates, while 27 per cent suggested marginal decrease in sales/enquiries. Addressing a press conference, CREDAI-NCR President Manoj Gaur said there has not been much impact on housing demand following the RBI's decision to hike the repo rate by 90 basis points in two tranches, even though banks immediately hiked the interest rate on home loans after the RBI's move. Gaur rued that the banks do not pass on the benefit with similar promptness when there is a decline in repo rate. CREDAI-NCR General Secretary Gaurav Gupta said 82.5 per cent of developers plan to launch new projects this year. Over 76 per cent of respondents prefer to launch housing projects. Nearly 50 per cent want to bring affordable housing projects in the price range of Rs 3,000-5,000 per square foot.Also Read: RBI rate hikes, higher costs fail to deter home buyers Housing market shows YoY increase of 3-9%

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement