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Nifty Realty jumps 45% in 6 months despite high interest rate concerns
September 09, 2023
|The Morning Standard
UP 45% in 6 months, the Nifty Realty Index continues to surge despite high interest rate concerns, which to an extent has slowed growth of housing sales.
Experts say as strong-listed players continue to increase their market share with strong order book and their debt levels coming down significantly, they are being cheered at Dalal Street. They also believe the market may have factored in one more rate hike after the hawkish stance maintained by the RBI to tame inflationary pressure in its recent meet.
Mortgage rates offered by most large lenders have gone up by 240-250bps from 6.7% in March 2022 to 9.2-9.3% now.
هذه القصة من طبعة September 09, 2023 من The Morning Standard.
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