By Mr Anuj Mehta, Director, Dhuleva Group
“The RBI has recently raised its repo rate by 25 bps to 5.50% amid a positive Economic growth outlook for FY27 with a forecast of 7.1%. The performance in the high-end real estate segment of South Bombay is just not due to land scarcity but also to the fact that this segment is characterized by large well-established neighborhoods and the iconic importance of owning a legacy luxury home. Buyers are less interested in short-lived market movements and want properties that meet the distinguishing features of scarcity and good quality. Taking these factors into consideration, we are sure that well-constructed luxury homes will continue to hold strong positions among prospective buyers.”
By Mr. Aakash Patel, Director, Atul Projects
“The RBI’s announcement to increase the repo rate by 25 basis points to 5.50% will increase borrowing costs for buyers in the housing market, especially those relying upon housing finance. At the same time, the upward revision of the FY27 GDP growth projection from 6.7% to 7.1% can serve as a positive sign of the economy’s strength and help improve faith in income and employment. With an inflation forecast of around 5.2%, customers will pay more attention to overall affordability and value, factors such as location, quality features, functionality and long-run appreciation will become even more relevant in their decision-making process. For the residential industry, this means that customers will display a tendency toward informed and value-based demand instead of a generalized decline in activity.”