Realty Sector to Suffer if Lending Rate for Home Loans Does Not Fall: DLF

New Delhi: Realty major DLF's Chairman K P Singh on Thursday the real estate sector will be affected adversely if lending rates for home loans do not come down to a moderate level. "It is not because of the global problem but the internal problem which is interest rate," Singh told reporters here when asked about the impact of financial crisis in US on the domestic real estate sector. RBI has hiked the key policy rates (repo rate and reverse repo rate) by 11 times since March last year to control inflation, forcing banks to increase the lending rate sharply on home loan as well as loans to developers.