Lower Loan Rates: Why Big City Homes Stay Pricey

• Lower home loan interest rates (7.4-8.5%) ease EMIs and improve borrowing capacity but haven't reduced property prices in major Indian cities.
• Experts advise buyers to keep EMIs under 30% of net income, consider total cost of ownership, and aim for larger down payments.
• Metro prices remain elevated due to strong demand, improving infrastructure, rising household incomes, and limited inventory.
• Legal due diligence, including RERA registration and title clearance, is crucial for safe investment, especially for first-time buyers.
• Buyers must weigh under-construction homes (lower entry, higher risk) against ready homes (immediate possession, lower risk) based on developer track record.

Why It Matters: Lower interest rates ease EMIs but high demand and prices keep big city homes unaffordable.