주거용 부동산에 대한 부정적인 전망, 상업용으로 안정 : ICRA Outlook negative for residential realty, stable for commercial: ICRA
[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Indian real estate news to share with you which is as undermentioned.
MUMBAI: Ratings agency ICRA has maintained a negative outlook for the residential real estate segment and a stable outlook for commercial real estatesegment.
Residential segment has been facing sluggish demand recovery and funding challenges even as larger developers to further consolidate market share, while commercial real estate benefits from stable demand and strong investor interest, ICRA said in a release.
The residential realty has witnessed a prolonged down-cycle owing to high inventory, muted demand, weak affordability and declining investor interest. However, structural changes over the last two years in the form of implementation of Real Estate Development and Regulation Act (RERA Act) and Goods & Services Tax (GST), along with increased government focus on affordable housing, have raised expectations of demand revival in the industry.
Read more at: