📢 HDFC chairman Deepak Parekh is sure that India's housing demand is here to stay, and there are 3 big reasons for that:
1️⃣ Housing affordability is at its best
2️⃣ Liquidity conditions are at their easiest, and
3️⃣ Interest rates are their lowest levels ever.
🎙 “In over 50 years of my work life, I have not seen such a burning desire to be a homeowner than in these current times.”
Outlook: 🔼
📢 Billionaire investor Rakesh Jhunjhunwala wants Indian real estate developers to focus on affordable housing. With that as a background, Rakesh feels:
1️⃣ The return on capital for listed developers is 6 to 7% and this must go up
2️⃣ Real Estate Investment Trusts (REITs) present a compelling opportunity and are being well received by the investing community.
3️⃣ Commercial real estate will rebound big time and the warehousing-logistics sector, though at a nascent stage, is very attractive.
🎙 “If India has to develop, real estate has to develop.”
Outlook: 🔼