Rising real estate prices are resulting in a decline in home loan
demand. Although Indian realty market is witnessing a compounding
growth, owning a home is still a tough dream for many middle class
Indians. Earlier (in 2002-2006), the easy availability of home loans
was accelerating the realty growth drive. But, there is now
substantial decline in the demand for home loans. Major banks have
blamed the rising property rates as a reason behind the slash.
According to a recent survey, the prices of furnished and semi-
furnished houses in the metros and upcoming metros are becoming sky
scrapping day by day. For more detail visit http://www.magicbricks.com
