Banks and financial Institutions are reluctant to finance for home loan on fix rate is clear indication that after some time Interest rates will rise abnormally putting all loan seekers into death trap.It is better not to go for any home loan instead of fix or variable. This is also the case of Government of India.It should not take any foreign loan but depend on Indian resourses and foreign Invester but for time bound.Such as they can allow foreigners to build road infrastucture but must hanover the same to government after certain period as companies are building road and are allowed to tax for specific period in the name of toll and handover after that period to government of India.So in this fashion we will not be trapped in death trappCed and our coming generation will not be burdened with debt.
It hardly matters if the bank charges us (a salaried person) with either fixed or floating rate of interst it is in the favor of the banks and their interst instead of the common man who is investing his lifetime saving in buying a house.
If you are investing in Mumbai then you pay interest to the bank and then the builder does not want to make your builiding a society and charge you heavily on the maintenance too.