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Developers See Strong Demand Despite Repo Rate Hike, Say Shekhar Patel

1 report, 1 independent Updated Oct 8
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

The Monetary Policy Committee raised the repo rate to 5.50% from 5.25%, the first increase since February 2023. Confederation of Real Estate Developers’ Associations of India president Shekhar Patel stated that despite the rate hike, developers anticipate strong demand driven by infrastructure growth and festive periods. Anuj Puri noted that higher borrowing costs could lead buyers to be more selective, particularly in the affordable housing segment.

From hindustantimes.com

Why it matters

Some supportBrind's analysis of the reports

The rate increase is expected to marginally raise home-loan costs, which could affect purchasing decisions. However, developers maintain that long-term economic growth and underlying demand remain robust enough to manage the impact of higher borrowing expenses.

From hindustantimes.com

Who's involved

  • Shekhar PatelPresident of CREDAI, commenting on the long-term economic outlook and housing demand.
  • Anuj PuriChairman of ANAROCK Group, commenting on housing trends and buyer selectivity.

Keep exploring

The entities involved

  • Shekhar Patel

    researcher

    Nothing else this week.

  • Anuj Puri

    Chairman and Country Head, India - Jones Lang LaSalle Property Consultants (India) Pvt. Ltd

    Nothing else this week.

Coverage

Newest first; wire copies grouped