Home loan rates alone do not affect activities in the real estate
sector; the performance of the stock market also has a direct bearing
on property prices. So, while high home loan rates have hit the real
estate sector in the past one year, properties in tony areas like
south Delhi and south Mumbai have appreciated by up to 85% during this
period. In the last six months alone, rates here have gone up by 15%
to 47%. Besides increased demand in the posh areas during the stock
market boom, the limited supply also contributed to the high price.
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