Real estate sector seeing several positive signs: Sundaram Home
The Hindu
Stable prices, low interest rates, persistent demand bode well for industry: MD
The real estate sector is witnessing several positive signs that bode well for the industry’s outlook, said Sundaram Home Finance (SHF) MD D. Lakshminarayanan.
“Prices [of housing] have largely remained stable in the last 18 months,” he said. “There is enough inventory to buy. Builders are offering incentives and amenities. Interest rate is at its lowest. Some governments are also offering sops on Stamp Duty. All these are sending out a message to the buyer that on all counts, this is the best time to buy,” he pointed out.
SHF had seen an across-the-board recovery since mid-June that had been ‘swift and strong’, Mr. Lakshminarayanan said.
With the clock ticking down to the Lok Sabha election counting day on Tuesday, opposing fronts are perceptibly edgy and poised to continue the rancorous skirmishing that marked the campaign season in Kerala. The United Democratic Front, led by the Congress, is seemingly basking in the “interim victory” granted by various exit polls. The UDF discerns that its poll strategy of turning the polls foremostly into a damning referendum on the Left Democratic Front government’s perceived failures rather than BJP’s “divisive politics” at the national level stood a fighting chance of paying off.