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Below the Quote on Monetary Policy Announcement By Amit Bhagat, CEO and Managing Director, ASK Property Fund

“Residential real estate sales are likely to witness a strong growth momentum despite a status quo on the repo rates on the back of robust consumer confidence as also evident in strong presales growth recorded by most listed players across top cities. Ongoing and upcoming infrastructure and creation of new job corridors have led large well-established regional and national players to launch projects across micro markets of cities and cater to different income segments of the prospective home buyers. Factors like resilient domestic economic growth and strong launch pipeline for most players are likely to drive demand for new homes in the coming quarters as well.”

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