Mr. Girish Kousgi, MD and CEO at PNB Housing Finance, said, “RBI’s decision to keep the repo rates unchanged at 6.5% for the third time in a row, is a piece of positive news for the real estate industry. The home buyer sentiment has been strong thus far in 2023, and the stability in rates will help keep up this momentum. Factors like attractive government incentives, increased urbanization, rising disposable income, and post-pandemic pent-up demand have resulted in a rise in the appetite for housing units in India.
Looking ahead, the housing finance industry will benefit from this buoyancy and continue to capitalize on this opportunity by offering a variety of home loan products at competitive rates to potential homebuyers. As the industry continues to evolve and expand, the growth trajectory is projected to enable the financing of new housing units over the next few years. We are bullish about the market opportunities in both the prime and affordable housing in the near future and will continue to focus on the individual home loan segment.”