We believe this decision by RBI to cut repo rate will boost investor confidence, encourage housing demand with affordability factor, and support the overall development of the real estate sector. Home buyer confidence is at an all-time high and this naturally urges consumers to invest in their dream homes as the overall climate is geared towards sustained demand. As India’s economy continues to grow, there is no hesitation among the homebuyers to invest in residential real estate for long-term returns. Overall, the market outlook is certainly positive and given the confidence built in recent times, we do believe that markets will continue to see sustained growth over the next few years, providing appealing prospects for both first-time buyers and seasoned investors. Also, owing to landmark infrastructure projects by the government, the real estate market has been experiencing tremendous growth and development, gaining investor confidence across all asset classes. We definitely hope to see further lower interest rates which will provide impetus to not just real estate and housing demand but across industries and economic growth. This rate cut would also infuse much-needed liquidity into the real estate sector. We believe that the sustained demand will further solidify the sector’s upward trajectory well into 2025, cementing the Indian real estate market as a key driver of economic growth.
