Real estate outlook seen negetive for H212 – Fitch
According to a report by Fitch Ratings, the real estate sector in India is to face a negative outlook in the second half (H2) of this year.
The grim prediction is mainly due to sluggish demand, high construction costs and liquidity pressures.
The sluggish demand is not expected to change over few months as RBI’s caution on interest rate cuts and high EMIs will continue to be a restrictive factor for potential home buyers.
The general economic slowdown and quiet job growth in the IT sector will hold back demand for commercial and retail properties.
Add to that, the sector has to face high property prices and elevated inflation. The agency further stated that reliance of real estate companies on operating cash flow will assume significance in the near-term as available funding options remain limited.
Construction costs, Economic slowdown, Fitch Ratings, High property prices, liquidity pressure, Properties, Property, Property Prices, RBI, Real estate in India, Real Estate India, Real estate trend, Realty News
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