A senior industry expert stated that no real estate project is likely to fail if developers maintain strong financial discipline from the start.

Speaking at a national conference on the changing dynamics of the real estate sector, the expert also urged for a reduction in home loan interest rates to support demand. He highlighted the sector’s significant contribution to the Indian economy, particularly in terms of employment generation.

He emphasised the need for rationalising lending rates, noting that lower borrowing costs encourage both homebuyers and investors, while enabling developers to deliver projects at optimal cost levels.

Discussing real estate regulations, the expert mentioned that around 1,25,000 projects and 75,000 brokers have been registered across India under the current regulatory framework since its implementation.

He added that the real estate sector is valued at ?24 lakh crore and contributes nearly 13.8% to the country’s GDP.

Another industry representative cautioned that the sector could face a downcycle in the coming years if adequate government support on affordability is not provided.

https://www.livehomes.in/news_letter