Escalating property prices and rising home loan rates in India are the two factors that fuel the predicament of the home loan seekers of India, truly a double strike against the home loan seekers
There has been a remarkable transformation in the earnings and working atmosphere of Indian couples. Incidentally those who are working in cities and are renting a house can easily observe that the amount they are paying every month in order to rent a house can be very well used in terms of EMIs while paying off a house loan!!
The growth in real estate is more prominent in metros and big cities like Delhi, Mumbai, Bangalore, Chennai, Hyderabad, Pune, Chandigarh etc. This wave is slowly and gradually moving towards small cities also