{"id":421,"date":"2023-03-29T10:20:00","date_gmt":"2023-03-29T10:20:00","guid":{"rendered":"https:\/\/www.saldanha.in\/blog\/?p=421"},"modified":"2023-04-11T10:21:53","modified_gmt":"2023-04-11T10:21:53","slug":"despite-inflation-homeownership-remains-a-priority-for-many","status":"publish","type":"post","link":"https:\/\/www.saldanha.in\/blog\/despite-inflation-homeownership-remains-a-priority-for-many\/","title":{"rendered":"Despite Inflation, Homeownership Remains A Priority For Many"},"content":{"rendered":"\n<p><strong>Source: Times Property <a href=\"https:\/\/bit.ly\/3Gz8fOu\">https:\/\/bit.ly\/3Gz8fOu<\/a><\/strong><\/p>\n\n\n\n<p>India\u2019s headline retail inflation rate in January 2023 saw a slight increase to 6.52 per cent after December 2022 saw an 11-month low of 5.72 per cent, according to data published by the Ministry of Statistics and Programme Implementation on February 13, 2023.<\/p>\n\n\n\n<p><strong>The home loan segment<\/strong><br>Despite the recent hike of 25 basis points by the RBI and an average six per cent rise in property prices (as stated in a joint report released by CREDAI, Colliers India and Liases Foras), retail lending seems to be unaffected. Adhil Shetty, chief executive officer of BankBazaar says, \u201cInterest rates have risen sharply through 2022. However, retail lending seems to not be impacted yet. Home loan demand was robust in 2022 and seems to have increased in the months following the rate hikes. According to our data, the average home loan ticket size in 2022 was Rs 25.19 lakh, and the demand for home loans will remain robust in 2023 despite inflation and rising interest rates. But inflation and interest rates are cyclic. People must base their homebuying decisions on their personal readiness.\u201d<\/p>\n\n\n\n<p><strong>Real estate is a reliable asset class<\/strong><br>Even though conditions might not be optimum to buy a home, many developers have been seeing no decrease in demand by end-users, many insiders like Niranjan Hiranandani, vice-chairman, NAREDCO feels that even with this uncertainty the demand for homes this year will continue, Hiranandani says \u201cThe property market may experience a lag in sales to accommodate rising EMI payouts and simultaneously evaluate postponement options for a stipulated time. But the home-ownership sentiment on most occasions overrides geo-political turbulence, spiraling uncertainties, and an escalated inflation crisis on the back of stability and social security that this asset offers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even after a rise in property prices and home loan rates, buyers from across segments are investing in real estate. Home loan demand was robust in 2022 and seems to have increased in the months following the rate hikes.<\/p>\n","protected":false},"author":1,"featured_media":412,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":""},"categories":[7,19,15,22,4,3,6,9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/421"}],"collection":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/comments?post=421"}],"version-history":[{"count":1,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/421\/revisions"}],"predecessor-version":[{"id":422,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/421\/revisions\/422"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/media\/412"}],"wp:attachment":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/media?parent=421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/categories?post=421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/tags?post=421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}