With Finance Minister P Chidambaram announcing recently that rates are going to stabilise in the near term there is lot of expectation that housing loan rates will fall further.
A few months back, banks and housing finance companies, cut rates on loans under Rs 20 lakh (Rs 2 million).
Some experts also feel that real estate prices in most cities would come down as supply far exceeds demand.
So, is it the right time to go hunting for that dream house? With loan rates likely to come down or at least stabilise, should you go for a second house? In an hour-long chat on rediff.com on Friday, personal finance expert Harsh Vardhan Roongta answered to many such readers' queries. Roongta is the CEO of apnaloan.com , a site that help people get the most competitive loans. After a successful entreprenuerial stint and an equally impressive career at ICICI later, he co-founded apnaloan.com in 2000. A chartered accountant by qualification, Harsh Roongta has over 23 years of experience in financial services and consultancy.
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