RT @CREDAINational: Regulatory reforms like #RERA, #GST, and #Demonetisation have already paved the way for a consolidated, transparent and… Mar 31, 2018 1
Though it is unfortunate that the Central bank left all policy rates unchanged today ,we are still hopeful and understand that maybe the policy makers are waiting till 31 December to see the Final outcome of demonetisation post which an aggressive announcement on rate cuts will be made sooner than later. At this point in time the confidence of the Indian public needs a boost and we are sure that the government will certainly step in to ensure that India's growth story is not disrupted in any manner whatsoever. Although Governor has said , in reply to a question , that midway review is possible as d situation pans out . Thats a saving grace . Predicament of d Gov in this extremely fluid situation is quite understandable Jaxay shah National President Elect Credai Jaxay shah . Dec 07, 2016 235
There are rampant news articles about there being a correction in pricing of real estate by various opinion makers who seem to think they have the authority to make such claims. As an industry body representing organised real estate,we again reiterate that the industry has always been catering to the primary market which comprises of end users who aggressively avail home loans. Moreover, with this step of demonetisation, banks are again going to be flushed with liquidity of approx. 15 lakh crores and will be compelled to lend aggressively .To do that ,they will have to lower interest rates. Demonetising currency has also removed surplus liquidity from the market and this in turn will result in low inflation .We expect that the RBI would definitely, in the coming months ,reduce the REPO rates by at least 2% so that a home loan would come down to at least come down to 7% .The home loan rates coming down to such levels of sub 7% in the next year or so, the atmosphere will become more like the west where home loans are available at 5%. and below .Unlike the western countries, India has a documented shortage of housing and homes ,an aggressive domestic demand for real estate.This essentially means that in the presence of a lower home loan interest regime, a larger pool of home buyers would avail loans to buy the home they always wanted. This could be made possible in as soon as the next six to twelve months. The housing industry will start to grow at a rapid pace while concurrently being in compliance with transparency and fair practices like RERA . We appeal to potential home buyers to understand the long term effect and benefit of this great move and not be misled into believing that property prices will fall. Currently the real estate market is at its best possible price point with no further margin with the developers to reduce prices. Now it is the responsibility of financial institutions to enable home buying during such an optimum scenario. Nov 11, 2016 447
