Real estate sector seeing several positive signs: Sundaram Home

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.