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Sterling Developers Chairman and Managing Director Ramani Sastri describes his positive outlook with respect to the steps taken in budget for propelling demand in realty sector.
Among the most expected factor for home buyers, this budget 2023 would be the increase in deduction limit for interest payments and principal amount on home loans especially to spur demand in a rising interest rates scenario.
Realty stock: Year To Date (YTD) the Nifty realty index has fallen more than 9 per cent but in the past six months have climbed over 9 per cent. Get more Markets News and Business News on Zee Business.
With a cumulative rate hikes of nearly 2 per cent since May, home loan interests are now inching closer to 10 per cent
The continuous rate hikes may lead to short-term impact in the overall housing demand when buyers are optimistic of making a home purchase decision and this may add to buyers' overall acquisition cost.The real estate sector had started seeing ...