All of the above is not to argue against any house price rises whatsoever. Long-term home owners have little to fear — an economy growing at a nominal rate of around 15 per cent will always see increases in property prices. For its part, the government should know that pushing across-the-board lower home loans is playing with fire: there’s little doubt that it will cause owners to borrow more, and push prices up to unsustainable levels with all the negative ramifications that’s brought to the rest of the world.
The writer is a Delhi-based strategic analyst express@expressindia.com
Epaper
Newsletter
Stocks
Weather
Horoscope
