After the Reserve Bank of India declared an increase of a 25-basis point in key rates, cost of housing will likely go up as developers will now have to pay more interest on the borrowed money.

Following the downtrend in Asian and European markets, Indian Stock markets have been trading lower on Tuesday. At 1 pm IST, Indian stock markets were trading with a loss of nearly 110 point.

Competition Commission of India has fined Real Estate major DLF Rs 630 crore for abusing its market dominance.

Real estate giant DLF 's Chairman KP Singh stated that the realty sector will be affected adversely if lending rates for home loans do not fall to a moderate level.