Time is ripe for the domestic housing sector to forge ahead and is likely to register phenomenal growth in the next five years, according to PNB Housing Finance Limited. According to a report of the PNB Housing Finance Limited’s report for 2021-22, the domestic housing sector will see good days ahead in the wake of injecting more transparency in activities due to introduction of the RERA and the GST regime.
The report exuded confidence that the housing finance companies will make good use of the growth. After several years, the residential real estate market is recovering to achieve tremendous growth in the next five years. However, the ball will be in the court of the housing finance companies, which are expected to exploit the situation. “The consumers are very confident of their investments. In this backdrop, the housing sector is expected to demonstrate stable performance,” feels PNB Housing Finance MD and CEO Hardayal Prasad.
He appreciated Indian Economy for the post-Covid recovery and performance. He said that because of the RERA and GST regime transparency in housing sector has increased further. Besides, introduction of the productivity-linked incentive scheme is going to transform the country into manufacturing hub.
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