Churn rate to decide how FY24 pans out for realty firms
- Barring the affordable housing segment, the mid and premium residential markets have shown resilience in the face of rising interest rates
The spectre of rising interest rates is largely out of the real estate sector’s way. The Reserve Bank of India (RBI) has held its repo rate steady at 6.50% for the second time in a row. Market predictions widely expect the RBI to maintain this pause for some time, offering a degree of relief to investors in rate-sensitive real estate equities.