Attributed to Abhishek Kapoor, Chief Executive Officer, Puravankara Limited
“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.”
More Stories
A Century of Devotion: Two-Day Nagar Sankirtan and Harikatha Mark Divine Birth Centennial
Kolkata, 10th December 2024: In a landmark celebration of devotion and spiritual heritage, Sree Chaitanya Gaudiya Math is organizing a...
Innovative Solutions: Blue Planet Tackles Perungudi Landfill with Resource Recovery
Perungudi/Chennai, December 10th, 2024: Blue Planet Environmental Solutions Pte. Ltd. (Blue Planet), a global leader in sustainable waste management and...
Empowering Education: Dr. Reddy’s Enhances Infrastructure for Tribal Welfare Institutions in Andhra Pradesh
Vissannapet, Andhra Pradesh, December 09th, 2024: As part of its Corporate Social Responsibility (CSR) initiative, Dr. Reddy’s, in collaboration with...
Bharat Mandapam Hosts India’s Internet Governance Vision for 2024
Delhi, December 09th, 2024: The Internet Governance Forum (IGF), a global multi-stakeholder platform established by the United Nations, brings together...
HRDS INDIA and Japan’s SMI Inc. Forge Historic Partnership
HRDS INDIA and SMI Inc., Japan, have entered into a transformative partnership to drive sustainable development in India. This collaboration...
Celebrating Excellence: Auden School Hosts 2024-25 Sports Prize Distribution Ceremony
Bangalore, 05th December 2024: Auden School, Hosakerehalli Branch, a Prestigious CBSE Curriculum School in Bengaluru City has organised Annual Sports...