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Lower interest rate to boost housing in demonetised era: Primarc director

The impact might be felt only in the very premium real estate segment but definitely not in the budget housing segment, says Pansari

Press Trust of India  |  Kolkata 

Blackstone, GIC rivalry keeps Indian realty pot boiling

is expected to bring down housing loan interest rates by 100-150 basis points over the next six months which will in turn, spur demand for housing in mid and budget segments, a official said on Friday.

"In the next six months, interest rate will come down to 7.5-8% from current level of 9.5% on an average, as an effect of demonetisation," city-based major director told PTI.

is going to impact prices sharply as is widely believed, but it is not going to be so for budget and mid-segment housing, he said.

"How can prices come down by 30-40% when margin is not more than 10% in mid-range and budget real estate?" he wondered.

The impact might be felt only in the very premium segment but definitely not in the budget housing segment, Pansari pointed out.

He also said that The (Regulation and Development) Act, 2016, which will come into force in the near future, will also help actual user segment boost its confidence in buying.

"I believe that positive impacts of interest rate and new buyer's safety law will culminate into investment buying for budget housing," Pansari said.

He also added that housing like by as a micro township project in the southern part of is expected to benefit from demonetisation.

Lower interest rate to boost housing in demonetised era: Primarc director

The impact might be felt only in the very premium real estate segment but definitely not in the budget housing segment, says Pansari

The impact might be felt only in the very premium real estate segment but definitely not in the budget housing segment, says Pansari is expected to bring down housing loan interest rates by 100-150 basis points over the next six months which will in turn, spur demand for housing in mid and budget segments, a official said on Friday.

"In the next six months, interest rate will come down to 7.5-8% from current level of 9.5% on an average, as an effect of demonetisation," city-based major director told PTI.

is going to impact prices sharply as is widely believed, but it is not going to be so for budget and mid-segment housing, he said.

"How can prices come down by 30-40% when margin is not more than 10% in mid-range and budget real estate?" he wondered.

The impact might be felt only in the very premium segment but definitely not in the budget housing segment, Pansari pointed out.

He also said that The (Regulation and Development) Act, 2016, which will come into force in the near future, will also help actual user segment boost its confidence in buying.

"I believe that positive impacts of interest rate and new buyer's safety law will culminate into investment buying for budget housing," Pansari said.

He also added that housing like by as a micro township project in the southern part of is expected to benefit from demonetisation.
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Business Standard
177 22

Lower interest rate to boost housing in demonetised era: Primarc director

The impact might be felt only in the very premium real estate segment but definitely not in the budget housing segment, says Pansari

is expected to bring down housing loan interest rates by 100-150 basis points over the next six months which will in turn, spur demand for housing in mid and budget segments, a official said on Friday.

"In the next six months, interest rate will come down to 7.5-8% from current level of 9.5% on an average, as an effect of demonetisation," city-based major director told PTI.

is going to impact prices sharply as is widely believed, but it is not going to be so for budget and mid-segment housing, he said.

"How can prices come down by 30-40% when margin is not more than 10% in mid-range and budget real estate?" he wondered.

The impact might be felt only in the very premium segment but definitely not in the budget housing segment, Pansari pointed out.

He also said that The (Regulation and Development) Act, 2016, which will come into force in the near future, will also help actual user segment boost its confidence in buying.

"I believe that positive impacts of interest rate and new buyer's safety law will culminate into investment buying for budget housing," Pansari said.

He also added that housing like by as a micro township project in the southern part of is expected to benefit from demonetisation.

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Business Standard
177 22

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