Mr. Rohit Gupta, CEO at Mantra Properties
These are the first signals of the company’s revenues being impacted in the coming next quarters, if not years. All this has happened very quickly. The post-pandemic period has already passed and stamp duty has returned to normal.
Even the challan payment discounts for corporate development have been restored to normal. So, if the house loan rates begin to rise because of the repo rate, the home loan rates will undoubtedly rise.
As a result, the banks will follow suit, raising the cost of funds which will have an upward impact on the buyer’s affordability. This in-turn will have an effect on the developers’ sales.
As a result, we as developers are hoping that the government devises a strategy to combat this. Otherwise, we will face challenging time, particularly in the approaching years.”
