1. Indian real estate news

Low interest rates foster housing demand—Real estate upbeat over RBI stand

The Indian real estate sector showered praise on the RBI stand to keep the interest rates unchanged at 4 percent. As reported in this moneycontrol.com story, Ramesh Nair, CEO, India at Colliers says—“Several banks have lowered their home loan rates by a stable repo rate since September 2021. Overall, it is a good time for homebuyers who can avail of low home loan rates, along with steady prices.”

Being a festival season, the housing sales are generally positive in this time and this is why the real estate owners—builders and investors launch exciting offers to leverage the home buying sentiment.

Shishir Baijal, Chairman and Managing Director, Knight Frank India says—”We welcome the RBI’s move to keep rates unchanged despite the inflationary pressures, as adequate liquidity, and stable repo rate will play a catalytic role in the robust recovery of the country’s housing sector.”

The pandemic has changed the customers’ home buying preferences as they are searching and selecting a new home with different priorities. The Indian real estate developers and the residential projects owners are happy to see that RBI’s stand on the benchmark interest rates further helps the customers as well as the builders.

Many housing societies are growing fast on the Mohali Airport road, and this festival season and the RBI’s stand on interest rates is a great news for the local real estate market.

Comments to: Low interest rates foster housing demand—Real estate upbeat over RBI stand

Your email address will not be published. Required fields are marked *

Attach images - Only PNG, JPG, JPEG and GIF are supported.

Contributing authors

Inviting contributor author for Tick Property: If you want to write for Tick Property, please write to us at [email protected] with the details—your name, email ID, and your current organization (or business name if self-employed).

The Tick Property Newspaper

We publish a daily newspaper for a quick reference to real estate news, insights, and reports: See the Tick Property Newspaper

Good Reads

LandOrc brings lower cost capital to property developers with significant upsides and security to lenders—as reported by this PR Newswire story. The growth in Indian real estate has caught the international investors’ eye with Blackstone, Hines, Berkshire Hathaway, and many others have already announcing big plans and partnerships in Indian real estate market. In India, […]
The institutional investment in the Indian real estate increased by 17 per cent YoY in the July-September period, according to a latest JLL India report. As per this Financial Express story—“Close analysts of investments during Q3 2021 reveals that it has been more balanced with the residential sector accounting for 29% of the total investments, […]

Worlwide

There are no matching posts for this section.

Trending

This post is taken from Forbes India (source). In the commercial property trends in India in the recent years, the new-generation technology parks have emerged particularly in high-potential and high-rewarding cities including in Bengaluru, Hyderabad, Mumbai, Delhi and Pune. Chandigarh and Kolkata are now attracting investments too. This, according to Nasscom, has been due to […]