Bombay (Maharashtra) [India], Aug 6 (ANI): Some industry experts said on Friday that the Reserve Bank of India’s (RBI) decision to suspend key interest rates was favorable to the real estate sector to further improve consumer confidence. Said there is.

Aditya Kushwaha, CEO and director of Axis Ecorp, said that by not changing interest rates, more buyers will invest in secure assets such as real estate. “For the next season, real estate agents, including us, are eager to launch new projects,” said Vinit Dungarwal, director of AM project consultants, as the deferral of interest rates is helping to create demand. He said it was a welcome decision. “For the real estate sector to enter a strong second half, the low interest rates offered are expected to continue through the end of the year,” said Sandy Planwar, Managing Director of Lanwar Group and President-elect of Maharashtra. Said like. Consumer perceptions of owning a home as well as stamp duty reductions in key markets have been an engine of growth in the real estate industry in recent quarters.

He said strong demand is expected to continue.

Vikas Wadhawan, chief financial officer of Group, and, said RBI’s move would be good for the real estate industry in general, especially homebuyers.

“Record interest rates allow many buyers to invest in real estate. The RBI’s measures have given buyers and investors real estate and other secured assets, as homebuyers’ feelings have already improved recently. Abheek Barua, chief economist at HDFC Bank, said the RBI continues to support growth despite the recent spike in inflation.

“Acknowledging concerns about inflation and the over-accumulation of systemic liquidity last month (Rs 8.5 as of August 4), the central bank has taken a second step towards liquidity normalization. »ANI)

Real estate experts welcome RBI interest rate rulings

Source link Real estate experts welcome RBI interest rate rulings

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