By Surendra Hiranandani, Chairman and Managing Director, House of Hiranandani
With the festive season round the corner, we definitely welcome this move as people make huge purchases during Navratras and Diwali. The real estate sector has been looking forward to such initiatives to boost sales as it is highly sensitive to interest rate movements. This further reduction of repo rate will not only bring down the lending rates but also incentivise investment and boost consumption. The government has already announced a series of measures including steepest cut in corporate tax amongst others to jump-start growth and revive the sagging economy.
The year has been good so far with lot of policy measures being taken by the government. A wave of next gen reforms has set the stage for years of high growth for the real estate sector. However, the growth trajectory of the real estate sector will depend on the successive transmission of rate cuts to the end consumers. We are already witnessing an increase in the number of enquires too ahead of the festival. Real estate is a safe investment that will definitely give good appreciation and returns in a long term. Overall, it is not only the festive spirit, but also the market momentum that is poised to be in favour of the home-buyers. So, one must take advantage of the current scenario and invest with a long term perspective to ensure superior returns
Corporate Comm India (CCI Newswire)
