After loans, it's homes

It is not only the loans that have become costlier. It is homes too! If you thought property prices have hit a ceiling, think again. At a time when all looked forward to a downward correction in land price, data indicates that developers have once again begun increasing prices across major markets of Mumbai, NCR and Bangalore. Priyanka Ghosh of CNBC-TV18 says that the cost is up 10% on a quarter-on-quarter basis. The cost hike, of course, come hand-in-hand with the pressure of lower volumes. Industry experts point out that this may be a ploy to lessen the possibility of a deeper price cut later this year.