The MD of the country’s largest mortgage lender says with the shortage of housing and burgeoning population, housing as an asset class is a need and its value will not depreciate with time.
There is jubilation in the real estate market. As per the RBI’s recent report, unsold inventory has dropped steadily in the last four quarters and sales are slowly picking up.
Four Seasons Private Residences has sold out eight floors in the last three months.
Anarock Property Consultants says housing sales in the top seven cities in India could cumulatively record a 35% jump in the October to December quarter, on a sequential basis.
Given end consumers and societal norms have historically driven the asset class, the next five years are likely to be one of the biggest golden periods for the sector.
The call for lockdown across major Indian cities will impact housing sales during the upcoming festive season; homebuyers can expect project delays.
While the Budget brings relief to the affordable housing sector, the removal of exemptions under the new income tax regime comes as dampener for the real estate sector.
Focus on infra, housing, financial services, labour reforms welcome; but concerns remain on corporate tax, ability to meet disinvestment target.
This is a growing asset class among institutional investors—in terms of number of investors as well as their invested value.
Government initiatives expected to boost buying in the affordable segment
