Home affordability for buyers falls 11% after latest RBI repo rate hike: Knight Frank India

[IndiaInsurance]

https://img.etimg.com/photo/93365963.cms (https://economictimes.indiatimes.com/wealth/personal-finance-news/home-affordability-for-buyers-falls-11-after-latest-rbi-repo-rate-hike-knight-frank-india/articleshow/93365963.cms)"With the cumulative rate hike until today, assuming complete transmission, a prospective home buyers' affordability shrinks by around 11% i.e. from an ability of purchasing a house of Rs.1 crore value shrinking to Rs. 89 lacs now," says Shishir Baijal, Chairman & Managing Director, Knight Frank India.

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