Housing sales may take a hit on higher mortgage rates: CREDAI, NAREDCO

Realtors' industry bodies CREDAI and NAREDCO have expressed concerns about rising home loan costs. The Reserve Bank of India raised the repo rate by 25 basis points, signaling potential further hikes. This increase could dampen housing sales during the upcoming festive season despite strong underlying demand. Experts believe that long-term buyer sentiment will support the market resilience. Overall, housing demand in major cities showed a slight annual increase recently.