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Festive Cheers for Realty

Torbit - October 14, 2023 - - 0 |

Manoj Gaur, CMD Gaurs Group and President CREDAI NCR

With festival season around the corner and consumer sentiment high, the real estate  sector will continue performing well. However, the current rate is still  at an all-time high. If  RBI succeeds in its intention to curb inflation, we may witness the low-rate regime again, much to the benefit of the sector.

Amit Modi, Director, County Group

With the festive season around the corner and buyers showing keen interest in real estate investments, the stable interest rates would further encourage their participation in the transactions. This would foster considerable investment in both residential and commercial segments of the real estate.

Nayan Raheja, Raheja Developers

Maintaing the repo rates has been  in resonance with the hope of buyers. This will encourage the real estate market, with buyers from every walk of life approaching to make an investment in the auspicious festive season.  This move is profitable for both developers and buyers.

Kushagr Ansal, Director, Ansal Housing

Repo rates at their current levels bring significant advantages to the real estate sector by  ensuring  stability and a foreseeable climate, which in turn appeals to investors The borrowing expenses for both homebuyers and developers will stay consistent, establishing a favourable atmosphere for real estate investments.

Ashwinder R Singh, CEO of Residential Bhartiya Urban

In the backdrop of steadfast repo rates, controlled EMIs, and robust developer funding, the Indian housing and real estate sector stands on solid ground. The  healthy economic indicators and anticipated strong corporate earnings, will usher in  a promising era for the sector, driven by stability and optimism.

Rajesh K Saraf, MD, Axiom Landbase

The stable interest rate environment presents  an optimistic outlook that  potential buyers will feel encouraged to proceed with their plans to buy a home.

Mohit Goel, MD Omaxe Group

The real estate sector has remained unaffected and continues to perform well, despite prevaling high interest rates.The  continuous status quo in interest rates points to slim chances  of a rate increase in the future which holds good for the sector

Salil Kumar, Director CRC Group

Less volatility in the loan interest rates would increase buyer and developer confidence, fostering long-term growth.  Interest rate stability will boost investment across a range of markets, from first-time buyers to middle-class strata.

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