As the realty sector is highly dependent on bank financing for both builders and customers, it was anticipated that rising rates will impact post-pandemic recovery and slow down sales.
During the past decade and a half, the government has gradually loosened Foreign Direct Investment (FDI) regulations, enabling more investment and economic expansion.
Real estate investment or buying property in Goa is set to become costlier with the MOPA Airport starting operations soon. The new airport will be a growth multiplier for real estate demand in the coastal state of India which is already enjoying a bull run after the pandemic.
The 140 bps hike in repo rate, since May 2022, along with increase in policy rates by major central banks around the world has confirmed the trend of rising interest rates.
The residential real estate sector in India has once again proved to be a bright spot by contributing to the country’s overall GDP, thereby making the economy more vibrant and optimistic.
A country’s growth is not when its metropolitan cities grow taller but it can truly be determined when smaller towns, villages, and second and third-tier cities see a spurt in the construction of real estate.
Real estate is often described as one of the safest investment options. Despite several investment avenues that are available today, several youngsters aspire to buy property at a young age. Let’s understand the reason behind this trend.
The growth comes after a lull of several years and the housing finance companies are well poised to tap this opportunity aided with sectoral reforms such as RERA and GST that have brought in the much needed transparency
Indian house prices are set to accelerate this year to a pace not seen in half a decade, according to a Reuters poll of property analysts who also warned that higher interest rates will crimp affordability, especially for first-time buyers.
Most do not realise that longer the loan tenure, higher is the interest amount paid. Therefore, to minimise the interest cost and get out of debt faster, one must look at ways to clear the liability as soon as possible