{"id":462,"date":"2023-06-17T11:32:00","date_gmt":"2023-06-17T11:32:00","guid":{"rendered":"https:\/\/www.saldanha.in\/blog\/?p=462"},"modified":"2023-07-15T11:33:34","modified_gmt":"2023-07-15T11:33:34","slug":"housing-market-predicted-to-stay-robust","status":"publish","type":"post","link":"https:\/\/www.saldanha.in\/blog\/housing-market-predicted-to-stay-robust\/","title":{"rendered":"Housing market predicted to stay robust"},"content":{"rendered":"\n<p>Source: Hindustan Times ( <a href=\"https:\/\/bit.ly\/44PcLT3\">https:\/\/bit.ly\/44PcLT3<\/a> )<\/p>\n\n\n\n<p>Real estate industry expects housing demand to remain strong with the RBI keeping key interest rate unchanged and is hopeful for a repo rate cut in next round of monetary policy to boost growth. This will help the housing sector that has been performing well from the past two years.<\/p>\n\n\n\n<p>CREDAI National President Boman Irani said, &#8220;\u2026 We expect both housing supply and demand to sustain its ongoing momentum.&#8221;<\/p>\n\n\n\n<p>&#8220;However, given that the inflation is at an 18-month low, there is scope for the RBI to reduce repo rates in the upcoming MPC meetings, to stimulate growth across all industries,&#8221; Irani added.<\/p>\n\n\n\n<p>The housing sector that has been performing well from the past two years, nonetheless, the sector needed announcements that could further fuel the growth.<\/p>\n\n\n\n<p>With the festive season in tailwinds, Naredco Vice Chairman Niranjan Hiranandani said a hiatus in interest rate hike would boost sales velocity.<\/p>\n\n\n\n<p>Knight Frank India CMD Shishir Baijal said, &#8220;We believe that this status quo will facilitate positive decision-making for homebuyers.&#8221;<\/p>\n\n\n\n<p>Colliers India Head of Research Vimal Nadar said, &#8220;as home loan rates are already at elevated levels of 9 per cent and above, this is a significant breather for lenders, developers &amp; homebuyers.&#8221;<\/p>\n\n\n\n<p>Savills India CEO Anurag Mathur said home loan EMIs will remain unchanged in the near-term, leading to sustained demand across various housing categories.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real estate industry expects housing demand to remain strong with the RBI keeping key interest rate unchanged and is hopeful for a repo rate cut in next round of monetary policy to boost growth. This will help the housing sector that has been performing well from the past two years.<\/p>\n","protected":false},"author":1,"featured_media":456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":""},"categories":[7,20,4,11,3,6,9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/462"}],"collection":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/comments?post=462"}],"version-history":[{"count":1,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/462\/revisions"}],"predecessor-version":[{"id":463,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/462\/revisions\/463"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/media\/456"}],"wp:attachment":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/media?parent=462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/categories?post=462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/tags?post=462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}