Mumbai (Maharashtra) [India], August 6 (ANI): Some industry experts said on Friday that the Reserve Bank of India (RBI)’s decision to hold key interest rates on hold is favorable for the real estate sector to further improve consumer sentiment. Said there is.
Aditya Kushwaha, CEO and director of Axis Ecorp, said that by not changing interest rates, more buyers will be investing in secured assets such as real estate. “For the next season, realtors, including us, are looking forward to launching new projects,” said Vinit Dungarwal, director of AM project consultants, because deferring interest rates helps create demand. He said it was a welcome move. “For the real estate sector to enter a strong second half, low interest rates offered should continue until the end of the year,” said Sandy Planwar, managing director of the Lanwar Group and president-elect of Maharashtra. Said as. Consumer perceptions of owning a home along with stamp duty cuts in key markets have been a growth driver in the real estate sector in the last few quarters.
He said strong demand is expected to continue.
Vikas Wadhawan, Group CFO of Housing.com, Makaan.com and Proptiger.com, said the RBI decision would be favorable to the real estate industry in general, especially to homebuyers.
“Record low interest rates allow many buyers to invest in real estate. RBI moves have given buyers and investors real estate and other secured assets, as homebuyers’ sentiments have already improved recently. Abheek Barua, chief economist at HDFC Bank, said the RBI continues to support growth despite the recent surge in inflation.
“Recognizing concerns about inflation and over-accumulation of systemic liquidity last month (Rs 8.5 as of August 4), the central bank has taken a second step towards normalizing liquidity.” ANI)
Real Estate Experts Welcome RBI Decisions on Interest Rates
Source link Real Estate Experts Welcome RBI Decisions on Interest Rates