In Q2 2024, the Knight Frank NAREDCO Real Estate Sentiment Survey paints a picture of a resilient and optimistic Indian real estate sector. Although there has been a slight adjustment in sentiment, the overall outlook remains positive. This shift reflects a more cautious approach in light of recent political and budget-related uncertainties. Despite these adjustments, confidence in the sector’s future is strong,” said Hari Babu, President-NAREDCO.

G Hari Babu, National President, National Real Estate Development Council (NAREDCO), said, "The residential and office markets continue to show notable activity, signalling ongoing growth and opportunity. Developers and other key stakeholders, including banks and financial institutions, are maintaining a positive outlook.

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G Hari Babu, National President, National Real Estate Development Council (NAREDCO), said, "The residential and office markets continue to show notable activity, signalling ongoing growth and opportunity. Developers and other key stakeholders, including banks and financial institutions, are maintaining a positive outlook.

Read More

G Hari Babu, National President, National Real Estate Development Council (NAREDCO), said, "The residential and office markets continue to show notable activity, signalling ongoing growth and opportunity. Developers and other key stakeholders, including banks and financial institutions, are maintaining a positive outlook.

Read More

RBI MPC August 2024, Real Estate News: Experts Speak

G Hari Babu, National President of NAREDCO said, "With steady borrowing costs, home loans become more affordable, which is likely to boost demand in the housing market, especially during the upcoming festive season. This stability allows developers to plan projects confidently, knowing that financing conditions will remain favorable. The RBI’s balanced approach to economic management helps maintain market confidence, reassuring investors amidst global economic uncertainties.

Real estate developers welcome RBI’s decision

The amendment came after the new provision was criticised for raising tax incidence and disincentivizing investments in real estate. Realtors body NAREDCO President G Hari Babu termed it as a balanced approach by the government. "This decision is poised to bring significant relief to property owners and investors who were concerned about the removal of indexation benefits.

However, “stakeholders must closely monitor these geopolitical undercurrents and macroeconomic indicators to adapt their strategies effectively,” said Dr Niranjan Hiranandani, Chairman, NAREDCO.

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Realtors body NAREDCO President G Hari Babu termed it as a balanced approach by the government.

"This decision is poised to bring significant relief to property owners and investors who were concerned about the removal of indexation benefits. By providing an option, the amendment addresses the needs of long-term investors who might have otherwise faced a disproportionate tax burden due to the withdrawal of indexation," he said.

Real estate developers have hailed the Union Budget 2024 as a pillar of “Viksit Bharat”. The budget 2024 has not only addressed the housing needs of one crore urban poor and middle-class families but also fostered real estate growth. The announcement of a Public-Private Partnership (PPP) model for rental housing accommodation specifically designed for industrial workers, is aiming to enhance their living conditions.