In a chat with ET Now, Deven Choksey, MD, KR Choksey Securities, shares his views on real-estate sector.
ET Now: What did you make of DLF's numbers?
Deven Choksey: The numbers are fine but a lot would depend on how the overall situation in the economy improves. Interest rate reduction business has already started.
Though, it is not major but at the same time, it has already started happening. For another 4 to 6 quarters, if one sees the reduction in the interest rate taking place systematically, then autos and real estate will not lag behind and they will participate. The demand for the real estate is already there in the system but it has remained subdued because of the environment. If this environment starts improving, the sentiment starts improving, then in such situation over a period of time, we would see demand would pick-up in the real estate sector. One will have to keenly look at how the demand revival takes place in the real estate.
Source: Times of India
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