Latest news with #Naredco
Time of India
4 days ago
- Business
- Time of India
Realtors' bodies Credai, Naredco expect at least 25 bps cut in repo rate to boost housing demand
Realtors' apex bodies CREDAI and Naredco expect at least 25 basis points reduction in repo rate by the RBI on Friday and said it will help a lot in increasing demand for residential properties. The RBI's rate-setting panel started its three-day brainstorming on monetary policy on Wednesday, and Governor Sanjay Malhotra will announce the decision on the key benchmark lending rate on Friday morning. "We are expecting 50 basis point reduction in repo rate. This will boost housing demand to a great extent," CREDAI National President Shekhar Patel told PTI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Experts Shocked At This New Hearing Aid Smartek Learn More Undo He said there should be at least 25 basis points cut. "Housing demand in the last three months has been a bit slow. So, the rate cut will help immensely in improving the sales," Patel said. Live Events The RBI reduced the key interest rate (repo) by 25 bps each in February and April, bringing it to 6 per cent. Naredco's National President G Hari Babu said the real estate sector always keeps a close watch on the RBI's monetary policy, as it has a significant impact on housing demand - both directly and indirectly. "In the current economic environment, where inflation is largely under control and macroeconomic indicators are showing stability, a reduction in the repo rate would be a timely and positive move. It would provide much-needed relief to both homebuyers and developers by lowering borrowing costs and easing liquidity," he said. The Naredco President noted that real estate is a vital driver of the economy, with linkages to over 200 sectors from cement and steel to furniture and furnishings. "Therefore, a cut in the repo rate will not only boost housing demand but also spur overall economic growth and generate large-scale employment," said Hari Babu. According to an assessment by the RBI, in response to the 50-basis points cut in the repo rate since February 2025, most of the banks have reduced their repo-linked external benchmark-based lending rates (EBLRs) and marginal cost of funds-based lending rate (MCLR). Housing loan outstanding has increased to Rs 30 lakh crore as on April 18, 2025, from Rs 27.41 lakh crore year-on-year, according to the latest RBI data. On expectations from monetary policy, Sterling Developers CMD Ramani Sastri said the real estate sector is hopeful for a further rate cut as it would be highly encouraging for homebuyers and developers alike. Dhruv Agarwala, Group CEO of said there is a strong case for 25 basis points rate cut. "...For the housing sector, lower home loan rates would enhance affordability and sustain demand- particularly critical at a time when we are witnessing early signs of demand tapering and developers pulling back from the affordable housing segment due to rising input costs," Agarwala said. Bengaluru-based realty firm Sanjeevini Group Chairman and Founder, Umesh Gowda H A said home loan interest rates have dropped below 8 per cent in some banks, which is a good sign of timely transmission of two repo rate cuts by the RBI. "We expect another 25 bps cut in repo rate and hope that more banks quickly pass on the benefit to borrowers," he said. This will provide a much-needed relief to not just existing homebuyers in the form of reduced EMI but also those who have been postponing their decision to buy a home, Gowda said. Ashok Kapur, Chairman of Krishna Group and Krisumi Corporation, said, "The RBI had adopted an accommodative stance in its previous policy review meeting, and it is expected that we will again see a cut, giving further relief to the various sectors of the economy." Garvit Tiwari, Director & Co-Founder of InfraMantra, said a cut in interest rate will give a spur to housing demand and encourage new entrants to make real estate purchases. Realty firm Sikka Group MD Harvinder Sikka expects a rate cut to boost consumer sentiment.
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Business Standard
19-05-2025
- Business
- Business Standard
Real estate stakeholders turn cautious amid global uncertainty: Report
Indian real estate stakeholders have turned cautious amid global trade tensions, economic recalibration and regional volatility, according to the Knight Frank -Naredco Real Estate Sentiment Index report for the January–March 2025 period. The stakeholders include developers, banks, financial institutions and private equity funds. The sentiment score in Q1 CY25 declined to 54 from 59 in Q4 CY24, while the future sentiment score eased to 56, compared to 59 in the previous quarter. Hari Babu, President, Naredco, said: 'While the Knight Frank Q1 2025 Sentiment Index shows a marginal decline in both current and future sentiment scores compared to Q4, this slight dip amidst global uncertainties reflects the strength and adaptability of India's real estate sector.' The report gauges both current and future sentiment towards the real estate sector, as well as views on the broader economy and funding availability as perceived by supply-side stakeholders and financial institutions. A score of 50 denotes a neutral view; above 50 suggests positive sentiment, while below 50 indicates negative sentiment. According to the survey, the residential outlook leaned towards stability, with cautious launch plans. In Q1 CY25, 93 per cent of stakeholders expected residential prices to remain stable or improve, and 67 per cent anticipated stability or growth in new launches. However, residential sales sentiment moderated. Only 50 per cent of respondents expected sales to improve or remain steady in Q1 CY25, compared to 88 per cent in the same quarter last year. Meanwhile, the office segment continued to perform well, buoyed by robust leasing activity and stable rental growth. In Q1 CY25, 82 per cent of stakeholders expected office leasing volumes to remain steady or rise, while 91 per cent anticipated office rents to remain stable or increase. Shishir Baijal, Chairman and Managing Director, Knight Frank India, said: 'Q1 2025 marks a phase of strategic recalibration for the real estate sector, shaped by evolving global trade dynamics, softening consumption, and heightened geopolitical sensitivity. Despite these shifts, India's office market remains resilient, and the continued strength of the premium residential segment affirms the sector's underlying robustness.' In Q1 2025, only 55 per cent of stakeholders expected economic momentum to improve or remain stable, down sharply from 91 per cent in the same period last year. This moderation reflects concerns over global trade volatility and recent cross-border developments. However, the Reserve Bank of India's consecutive repo rate cuts in February and April are expected to support consumption and investment, the report said. Funding sentiment remained largely steady, with 79 per cent of stakeholders expecting fund availability to either improve or remain unchanged. Of this, 35 per cent foresee improved access—slightly lower than the previous quarter.
Hans India
24-04-2025
- Business
- Hans India
Hyd realtors aiding investor faith by supporting Bhu Bharathi
Hyderabad: Amidst nearly two lakh Dharani applications from land owners and farmers awaiting clearance for land-related problems by District Collectors and several writ petitions filed in the Court against Dharani's non-resolution mechanism, real estate developers are pinning hopes on Bhu Bharati, the new land records portal, for increasing investor confidence in emerging and semi-urban corridors of Telangana. Naredco (National Real Estate Development Council) Telangana, a real estate representative body, said that consultative approach and stage-wise implementation of Bhu Bharathi, currently in Beta testing phase in three districts, will address problems that arose with introduction of Dharani portal. President of Naredco Telangana, Vijaya Sai Meka told Bizz Buzz that the government is also mulling to conduct Revenue meetings at Mandal level wherein Dharani complainants can personally represent their land record-related case resulting in getting it resolved at the State level, itself.
