Key Points
Unchanged lending rates present EMI-dependent homebuyers and those waiting on the sidelines to fulfill their home-ownership aspirations, said real estate experts.I)..
This stability has a direct cascading effect on the growth of the real estate sector, which in turn contributes significantly towards India's GDP and future growth prospects," said Pradeep Aggarwal, Founder & Chairman Signature Global (India) Ltd. ..
However, with repo rates being an industry agnostic subject, we hope to see lower repo/interest rates later this year which will provide an impetus to not just real estate and housing demand but across industries compounding sectoral and economic growth..
This scenario would further incentivize buyers on the sidelines and is expected to significantly boost overall market sentiment, pushing residential sales in the top seven markets of India to another historic high of over 3,00,000 units in 2024, he said..
This strong growth trajectory is expected to sustain adequate demand, particularly in the luxury segment of the real estate market, said Ashwin Chadha, CEO, India Sotheby's International Realty..
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