Calling the existing home loan rates the lowest in the last four decades, Keki Mistry, vice chairman and CEO, HDFC has predicted that the the lower interest rates regime will continue for another six to twelve months that will give the best home buying opportunity for the home buyers.
"The home loan rates have been the lowest in the last four decades. For the next six to 12 months, the benign interest rates environment will continue. The growth in the economy and the real estate has been sharp
The factors like the RBI infusing much needed liquidity into the sector, various concessions given by the Government and the developers like the stamp duty relaxations have extended the best buying opportunity for the homebuyers. The trend will continue with the lowest interest rates regime," he added.