Attributed to Abhishek Kapoor, Chief Executive Officer, Puravankara Limited
Read Time:41 Second
“Real estate is an appreciative asset that has continued to witness a surge in consumer demand. Due to increased market consolidation and a rise in income and job opportunities, the marginal increase in repo rate by 50 bps is unlikely to have a significant impact on the demand. While this move by RBI will lead to increased home loan rates, this was an important step to stabilise the economy that is already reeling under inflationary pressure. The all-time low rates in the recent past had already paved the way for the growing demand in the sector, leading to a robust recovery post the pandemic.
Additionally, the sustained government spending on infrastructure, the uptick in private business investments, and the service sector will continue to fuel economic growth, thereby positively impacting the real estate sector.”
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