A prognosis for developers to stay afloat amidst the slowdown.
Rakesh Reddy, Director, Aparna Constructions, For 99acres
The economic slowdown has brought challenges for multiple sectors, including the Realty Sector too. The builders are looking for new ways to overcome this crisis and continue to grow further. In a recent conversation with 99Acres, our Director, Mr. Rakesh Reddy shares his thoughts on the same. Here are a few things you must know:
Reduction in Repo Rates
It’s viable for high-end developers to curtail property prices. However, the mid-sized developers may be unable to take such a step without any consequences. Hence, interest rates, and mainly the repo rate, must be brought down for banks to start lending again.
Reforming Foreign Investment Policy
The demand for this sector has suffered due to the slowdown. But, if the Government allows the Real Estate Investment Trusts (REITs) and Foreign Institutions to invest in Occupation Certificate holding apartments, the demand for the sector is bound to increase.
Temporary Restructuring of Loans
Real Estate Developers feel that reducing prices will have long-term consequences, which makes it hard to safeguard the realty stakeholders. Hence, by temporarily restructuring loans for a year seems like one of the best options.
To find out more details on the same, read the full article by 99Acres below.
Thank you for contacting us. We will get back to you
The content of this website is for general information purposes only. While enough care is taken by Aparna to ensure that information on the website is up to date, accurate and correct, readers are requested to contact the authorized sales representative before relying upon the same. In no event will Aparna offer any warranty on the information made available, or be liable for any loss or damage including without limitation, indirect or consequential loss or damage in connection with, the use of information in this website. By using or accessing the website, you agree with the Disclaimer without any qualification or limitation. Design, specifications, floor plans, brochures and interactive plans etc., are subject to change without prior notice. Computer generated images; walkthroughs and render images are the artist’s impression and are an indicative of the actual designs.
The contents of this website are meant to provide information to the readers of this website about ourselves including our various projects, various initiatives taken by us, CSR activities etc. They are only for general information and are subject to change. By no stretch of imagination, the information on the website shall be construed as an advertisement and/or invitation or offer for sale. To find out more about Projects/Developments, please call +91-40-23352708 or visit our Sales Office during working hours and get in touch with authorized Aparna Sales Representative. Please note that by sharing any of your contact details on the website, you are authorizing the Sales Response Team of Aparna (even if you are registered on the DND Registry) to provide information on our projects over Calls, SMS & Emails.