Noida Extn home buyers are affected by Interest rate hike
Worries keep mounting for Noida Extension home buyers. In addition to waiting for the court's land acquisition order, they may have to pay additional interest rates on home loans.
Home buyers in Noida Extension were dealt a double whammy on Tuesday. While their agony is going to get prolonged as hearing of petitions filed by villagers in the Allahabad High Court has been deferred, they may soon have to shell out additional interest rates on home loans.
Home buyers, most of them being from the service class, are now afraid that their monthly salaries would shrink before it reaches their pockets because EMIs on loans are deducted from source. This would put them in a tight situation.