Mr Amit Jain-CMD, Arkade:
Even with the unchanged repo rate, we now have the support of liquidity and the government initiatives to revive the demand from homebuyers. The real estate market as a sector witnessed a slow but rising demand from the end-users in the recent festive period after the last rate cut. Also, despite the slowdown, we have witnessed robust growth in the market due to PMAY and commendable reforms in the affordable housing segment by the Government of India. However, the wheels of change will only churn some results when the benefits of this revision are passed on to the consumer by the banks and inflation is kept under check. We hope this decision will be assertive and reflect from the first quarter of 2020.
Arkade: https://arkade.in/home.html
Corporate Comm India (CCI Newswire)
