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HDFC Chairman Deepak Parekh said in view of rising inflation, cheap loans cannot last forever

Inflation Worry : Deepak Parikh, chairman of housing finance company HDFC, has expressed concern about inflation in view of rising crude oil prices. He said that a cheap home loan cannot last forever. If fuel prices continue to rise like this, inflation will increase, due to which changes in the RBI monetary policy may have to be made. It is clear that if inflation increases, then interest rates can become expensive, that is, home loans can be expensive.

There is no housing bubble in India

According to Deepak Parikh, the housing sector is showing signs of improvement. He admitted that there is no housing bubble crisis in India. The country’s property market is witnessing tremendous improvement due to affordable housing, affordable home loans and increasing interest among people to buy their homes.

Good growth in housing sector

According to Deepak Parikh, growth is being seen in the real estate sector of the country. In the last 50 years, such a situation had never been seen in the housing sector. Deepak Parikh said that the demand for affordable housing has increased and real estate developers to financiers should capitalize on this segment. According to him, with the increase in the income of the people, the laughter is also increasing. In the coming days home buyers will be more than the youth. But he also cautioned that the cost of building a house is increasing due to rising commodity prices. Which can become a cause for concern. Deepak Parekh said these things in a program of Credai.

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