Business Standard

Higher rates to hit real estate and infrastructure projects, say experts

Worried that the rising rates will hit new projects, CEOs said new loans will cost more this increasing the cost of projects

Infrastructure
Premium

BS Reporter Mumbai
The CEOs of the Indian infrastructure and real estate are worried that the rising rates will hit demand for new loans this hitting their businesses.
 
Venkatesh Gopalkrishnan, CEO, Shapoorji Pallonji Real Estate, said though the RBI increasing the interest rate by 50 basis points was an expected move to combat the inflationary growth in the country. This move might impact the home loan category, which may influence the buying sentiments of affordable to mid-segment home buyers.
 
Echoing a similar view, Niranjan Hiranandani, MD of Hiranandani Group, said the sharp dichotomy between growth - inflation sentiment is getting trickier globally. "The

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 01 2022 | 12:20 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com