Possibility of Further Interest Rate Hike : HDFC Renu Sud Karnad

 Mrs. Renu Sud Karnad

India's leading home loan leader HDFC’s MD Mrs. Renu Sud Karnad said,'' Interest rates have peaked and there is little possibility of further Interest rate hike. I think interest rates have almost reached peak.

RBI (Reserve Bank of India) has increased interest rates 13th time since March, 2010, to tame inflation.

Mr. Karnad also said, ''Sales in the housing sector are temporarily down in 3 to 4 cities because prices have escalated very much. Sales are down in high-end segment were people are waiting and watching. If correction will take place, it will happen in Mumbai, Delhi & Bangalore. There could be correction of 10-15% in some areas"

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