Rising interest rates won't impact housing demand: HDFC chairman Parekh

The demand for housing and home loans in India is unlikely to be impacted by macro-economic changes and a rise in interest rates, HDFC Chairman Deepak Parekh said.

The financial sector veteran said that despite rate hikes by the Reserve Bank of India (RBI), the current interest rates on home loans were below the pre-pandemic level. A home loan is for a long tenor and during this period there are bound to be both upward and downward interest rate cycles, he said at the annual general meeting of Housing Development Finance Corporation (HDFC) on Thursday.

During the peak of the