Key Points
The real estate sector heaved a collective sigh of relief as the Reserve Bank of India took its foot off the rate hike pedal, providing a breather to the sector which has been fearfully tracking interest rate movements over the past one year...
It has also hit real estate developers as their borrowing and construction costs have gone up...
The pause in the rate hike cycle at least until the next policy in June was greeted by enthusiasm and real estate stocks rose and ended the day with strong gains ranging from 1 per cent to 6.7 per cent..
Hiranandani Groups founder Niranjan Hiranandani, who has been critical of the relentless rate hikes, said, This act of relief will restore confidence in home-buyers sentiment and boost demand rally in the real estate..
While luxury home sales are generally impervious to interest rate hikes, India Sothebys International Realtys CEO, Amit Goyal, said that further rate hikes could affect this segment as well..
You might be interested in
Real estate sector disappointed as RBI keeps repo rate steady
08, Jun, 23Currently, home loan rates are in the high single digits and any further hike will tip that number over into double digits
India poised to become 3rd largest construction market in next 2-3 yrs: Goyal
16, Apr, 23Goyal pointed out that the Real Estate sector is one of the critical sectors that will serve to ensure good quality of life for people.
Real estate demand strong despite rising interest rates, REA India CEO says
11, Oct, 23Demand in India's rate-sensitive real estate sector is robust as pent-up demand after the pandemic and rising consumer confidence have helped home buyers shrug off concerns of rising interest rates, the head of India's largest property technology company said on Wednesday.
Can Indian real estate market face a crisis like China's Evergrande?
30, Jan, 24Evergrande: The crucial difference between China and India's real estate markets is that India's property market has shown stable demand from homebuyers
India’s real estate sector is expected to expand to $5.8 trn by 2047
27, Aug, 23The estimated real estate output value will contribute 15.5% to the total economic output in 2047 from an existing share of 7.3%, mentions the report, India Real Estate: Vision 2047, unveiled by M. Venkaiah Naidu, former vice president of India at NAREDCOs Silver Jubilee Celebration event in Hyderabad.
Almost 50% home buyers prefer 3BHK homes; 75% want balconies: Survey
05, Mar, 2458% millennials and 39% GenX potential buyers intend using their gains from other investments to purchase homes, the consumer sentiment survey observed
Four realty stocks including Phoenix Mills, Macrotech Developers hit new record highs; here's why
06, Nov, 23Macrotech Developers, Brigade Enterprises, Phoenix Mills and Oberoi Realty shares reached new highs in today's trading session. The strong performance of real estate stocks is attributed to increased demand for houses and FII inflow into the sector.
Govt’s EV adoption push to boost demand for more realty space
03, Jun, 23The report said that by 2030, this real estate requirement will allow a production capacity of about four million four-wheelers and 23 million two-wheelers.
RBI Monetary Policy 2024: Unchanged interest rates to encourage homebuyers to invest in real estate; boost housing sales
05, Apr, 24RBI's decision to keep lending rates unchanged presents EMI-dependent homebuyers and those waiting on the sidelines to fulfill their home-ownership aspirations
Impact of unchanged repo rate: What's ahead for homebuyers, fixed deposit investors, debt mutual funds and real estate sector?
08, Apr, 23On April 6, 2023, the Reserve Bank of India (RBI) held its bimonthly monetary policy meeting and chose to leave the repo rate at 6.5%.