RBI Should Cut Rates as Housing Sales Show Signs of Slowing Down: Inframantra
In an interview with a leading news outlet, Shiwang Suraj, the director and co-founder of Inframantra, a prominent real estate firm, discusses the current state of the housing market and the need for the Reserve Bank of India (RBI) to take proactive measu
Real EstateHousing MarketRbiRate CutsEconomic GrowthReal EstateDec 05, 2024
Inframantra, established in 2010, has been at the forefront of the real estate industry, focusing on delivering high-quality residential and commercial projects. The company has a strong presence in major cities across India and is known for its innovative and customer-centric approach.
Suraj highlighted that over the past few months, there has been a noticeable slowdown in housing sales. He attributed this trend to a combination of factors, including economic uncertainty, rising interest rates, and a cautious buyer sentiment. The real estate market, which had shown signs of recovery post-pandemic, is now facing headwinds that are dampening the positive momentum.
One of the primary concerns for Suraj is the impact of high lending rates on potential homebuyers. He argued that the current interest rates are making it difficult for many first-time buyers to enter the market. \
Frequently Asked Questions
What is the current state of the housing market in India?
The housing market in India is showing signs of fatigue with a noticeable slowdown in sales over the past few months. This is attributed to factors such as economic uncertainty, rising interest rates, and cautious buyer sentiment.
Why are high lending rates a concern for the real estate market?
High lending rates are making it difficult for first-time homebuyers to afford a home, which is dampening demand in the housing market. Lowering interest rates could provide relief to these buyers and stimulate sales.
What measures has Inframantra taken to adapt to the changing market conditions?
Inframantra has focused on offering flexible payment plans and attractive incentives to attract buyers. However, the company believes that these measures alone are not enough to revive the market.
What policy reforms does Shiwang Suraj suggest for the real estate sector?
Shiwang Suraj suggests easing regulations and providing fiscal incentives to encourage more investment in the sector. He also calls for a holistic approach that addresses both demand and supply-side issues.
What is Shiwang Suraj's outlook on the future of the real estate sector?
Despite the current challenges, Shiwang Suraj remains optimistic about the long-term prospects of the housing market. He believes that with the right policies and support, the sector can bounce back and continue to drive economic growth.
Related News Articles
Birla Estates Unveils Opulent Living with INR 5,000 Crore Luxury Housing Project in Gurugram
Experience unparalleled luxury with Birla Estates' latest venture, a testament to their commitment to redefining the luxury real estate market in India.
Credai Nagpur's Annual Property Expo: A Showcase of Luxury and Affordable Homes
Get ready to explore the best of Nagpur's real estate market at Credai's annual property expo, featuring properties ranging from ₹15 lakh to ₹5 crore.
Carbon Minus Bags Major Solar Projects in Maharashtra under MSKVY 2.0
Carbon Minus has successfully secured two significant solar projects under the Maharashtra State Government's Mukhyamantri Solar Krishi Vikaas Yojana (MSKVY) 2.0, contributing to the state's renewable energy goals.
Brigade Group to Invest Rs 1500 Crore in Kerala's Real Estate Market
Real estate giant, Brigade Group, has announced a significant investment of Rs 1500 crore in Kerala to expand its business footprint in the state. This move is expected to boost the local real estate market and create numerous job opportunities.
Irrfan Khan’s Legacy Endures: Maharashtra Village Renames Neighbourhood in His Honour
In a touching tribute to the late actor Irrfan Khan, a neighbourhood in Igatpuri, Nashik district, Maharashtra, has been renamed 'Hero Chi Wadi', reflecting the deep admiration and gratitude of the local community.
Macrotech Developers Surpasses Land Acquisition Targets in Real Estate Boom
Macrotech Developers, one of India's leading real estate developers, has surpassed its land acquisition targets in key markets such as MMR, Bengaluru, and Pune. Despite legal challenges, the company continues to expand its footprint in the booming real estate sector.