Rajan Bandelkar, president of National Real Estate Development Council (Naredco), said, "We have seen robust property buying in the past few months, as the extent of price rise passed on to consumers has been lower as compared to the increase in the input costs. It is very much likely that the Indian central bank will further hike interest rates to bring back inflation under control. As a result of that we have already started witnessing short-term repercussions on the overall housing demand."
