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Interest rate hikes to eventually affect overall acquisition costs for homebuyers: Subhash Goel

Interest rate increases in view of the current RBI move will eventually affect overall acquisition costs for homebuyers and may dampen residential sales to some extent. The impact would be minor; but in fact, the cost for buyers would rise as monthly EMI outflows increase, says Subhash Goel, MD, Goel Ganga Developments.