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Below the Reaction On the RBI Monetary Policy by Mr Ashwin Chadha, CEO, India Sotheby`s International Realty We were more hopeful of a rate cut this time around, after moves by the U.S. Federal Reserve and other central banks. But the RBI’s decision to hold the repo rate steady for the 10th time in a row shows that India is laser-focused on its own economic landscape, rather than following global cues. One standout from the Monetary Policy Committee’s (MPC) m...
Reaction On the RBI Monetary Policy by Mr Ashwin Chadha, CEO, India Sotheby`s International Realty
Below the Views on Monetary Policy by Mr Saket Dalmia, President of India Sotheby`s International Realty The RBI's decision to maintain the policy rate aligns with expectations, given the current inflation and global economic scenario. While the near-term outlook for global growth appears positive, the medium-term outlook faces challenges due to demographic shifts, climate change, geopolitical tensions, and fragmentations. Despite this, domestic economic activity remains...
Views on Monetary Policy by Mr Saket Dalmia, President of India Sotheby`s International Realty
Below the Budget Reaction on Real Estate by Amit Goyal, Managing Director, India Sotheby's International Realty while maintaining fiscal discipline. The commitment to reduce the deficit to 4.5% and below over the next few years by FM Nirmala Sitharaman, is commendable. This ensures long-term economic stability, high credit rating and FDI inflows for India. In a young nation with a large youth population (40% under 25!), skilling and job creation are crucial. &n...
Budget Reaction on Real Estate by Amit Goyal, Managing Director, India Sotheby's International Realty
Aligned with the continuous momentum in the real estate industry, the sale of houses costing Rs 4 crore and above went up 27 per cent in the first half of this year. According to the latest report by real estate consultant CBRE, India’s luxury housing segment maintained strong sales growth, reaching total sales of around 8,500 luxury units compared to nearly 6,700 units in the same period of 2023. Delhi-NCR, Mumbai and Hyderabad accounted for nearly 84 per cent of the total ...
Luxury homes worth crores selling like hot cakes in India this year
Below the Reaction on RBI Monetary Policy by Mr Ashwin Chadha, CEO, India Sotheby's International Realty As expected, the MPC has decided to keep the repo rate unchanged at 6.5%. This decision aligns with the MPC's calibrated measures to tackle persistent inflation. The RBI has successfully maintained the resilience of the Indian economy, contributing to sustained growth momentum even amidst a challenging global environment. The good news is that CPI inflation con...
Reaction on RBI Monetary Policy by Mr Ashwin Chadha, CEO, India Sotheby's International Realty
Below the Comment on JLL Luxury Report by Mr Ashwin Chadha, CEO, India Sotheby's International Realty We are not surprised that ultra luxury home sales are doing so well. The demand for such residential real estate has been registering significant growth since 2021 and it continues its momentum into 2024. The Luxury Outlook Survey conducted by India Sotheby’s International Realty confirmed this trend with over 71% of the respondents expressing a desire ...
Comment on JLL Luxury Report by Mr Ashwin Chadha, CEO, India Sotheby's International Realty
Below the Comment on RBI Monetary Policy by Mr Amit Goyal, MD, India Sotheby's International Realty The RBI's decision to maintain policy rates at 6.5% was anticipated, given the global uncertainties, which is also highlighted by the governor, including ongoing conflicts and emerging flashpoints worldwide, with disruptions in the Red Sea being the latest example. However, the encouraging aspect is the remarkable performance of the Indian economy in recent years. G...
Comment on RBI Monetary Policy by Mr Amit Goyal, MD, India Sotheby's International Realty
Below the Comment on Anarock Report Mr Ashwin Chadha, CEO, India Sotheby's International Realty The surge in new opportunities in various sectors like global manufacturing in India, rising exports, and a robust startup ecosystem has strengthened economic momentum and contributed to wealth creation in the country. This, in turn, has led to an increase in the number of wealthy individuals in India, with the noteworthy trend of a declining average age among billionaires. The emerging...
Comment on Anarock Luxury Housing Report By Mr Ashwin Chadha, India Sotheby`s International Realty
Below The Comment on JLL Report : The value of residential sales in Mumbai is expected to cross INR 1 lakh crore in 2023 and go on to breach the INR 2 lakh crore mark in 2030 By Mr Ashwin Chadha,?CEO,?India Sotheby`s International RealtyOver the past three years, Mumbai's housing market, particularly in the luxury segment, has demonstrated a consistent upward trajectory, mirroring the vitality of India's residential real estate sector. The surge in demand has propelled both supply and prices,...
Comment on JLL Report : The value of residential sales in Mumbai is expected to cross INR 1 lakh crore in 2023 and go on to breach the INR 2 lakh crore mark in 2030 By Mr Ashwin Chadha, India Sotheby`s International Realty
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