New Delhi, December 12, 2022: ‘We believe this rate hike is short-term and going forward, housing sales will continue to grow. Acquiring a home is seen as the biggest decision of one’s life and these short-term decisions are unlikely to have an impact on a buyer’s decision. The rate hike by RBI will impact the growth in residential sale, albeit in the short-term. The low interest rate was one of the biggest reasons for the sale to breach the pre-Covid level. Recently, developers across the country also hiked the unit prices owing to continuous rise in the raw material cost.
Home buyers also understand that these things are beyond the control of developers and they will continue to invest in real estate. Hopefully, once the global supply chain is restored, the rates will be cut again.’
Corporate Comm India (CCI Newswire)
Brigade REAP Incubates 76 Proptech Startups, Leading India's Largest Proptech Ecosystem with ₹200 Cr Earth…
New Delhi, November 22, 2024: Dr. Gautam Kanodia has emerged as a visionary leader, redefining…
New Delhi, November 21, 2024: Over the years, Delhi-NCR has emerged as a hotspot for…
~ The Company strengthens the product portfolio with the launch of innovative & ‘Made in…
- NAREDCO Maharashtra and 1 Finance Unveils Comprehensive Study on Mumbai's Real Estate Landscape -…
The announcement marks a major step in offering Flexible Grade-A Office Solutions for Modern Businesses…