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.
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