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The interest rates will remain cheap for the next three months. This is because there is less funds in the market. On a shot note with www.propertykhazana.com Keki Mistry, Managing Director, HDFC Bank Limited said, “The Company is not taking the money from banks and hence the demand for money is low, and hence as a result interest rates will be low as well”.
The company is not into the expansion mode. Hence as a result the demand will be low. On a shot note with www.propertykhazana.com, Mistry said, “There were various ways of creating funds in the year 2005-2007. Unless the funds are fully utilized, the companies no longer need any more financial assistance. There is an increase of funds of INR 2,50,000 Crores in the country. This is getting invested in low lying money markets. This will take at least 6 months to a year.
Furthermore, Mistry said, “The housing segment will be always flourishing, because there is shortage of residential areas. However, with a calculated growth of approximately, 20 to 26 million housing units, it would set the standard for the next many years. “As per the statistics, 60% of India’s population is below 35 years and they would like to have their own homes”. For more scintillating updates, please refer to website www.propertykhazna.com.
Source: NBTVLIVE

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