Real Estate Sentimental Post RBI Hike
The Reserve Bank of India has yet again raised the benchmark lending rate also known as the Repo Rate by 35 basis points (bps). This is the fifth increase since May 2022 – in all, the RBI has raised the benchmark rate by 2.25 per cent since May this year. Home loan rates which were 6.75% have now shot up to 9% - what will be the impact on housing sales momentum? How will this impact the affordability of houses across major real estate hubs and cities? Continuing the focus on the impact the real estate may see in the coming quarters, we steer our conversation towards the story of highest ever dollar remittances to India. As per the RBI release, 100 billion USD has been remitted by Indians, is this inflow of dollars the reason behind the bull run NRIs have exhibited in acquiring properties in India? Abhishek Kapoor, CEO, Puravankara, Mayur Shah, Partner, EY, and Vikas Wadhawan, Group CFO, Housing.com join us for the discussion.
