Rising rates may result in moderation in home sales growth: JLL India CEO

The increase of 190 basis points (bps) in the repo rate resulted in a surge in mortgage rates with a transmission of 130-140 bps in the effective home loan rates: Radha Dhir

Real estate industry is facing a double blow with the rising interest rates and a slowdown in infotech industry that is expected to negatively impact office leasing. Radha Dhir, chief executive and country head, India, JLL (international property consultancy), shares her views on both residential and office property markets in the country, and the outlook for them in an interview with Raghavendra Kamath. Edited excerpts:

Why do you think residential sales have boomed in the January-September period?

This has been due to a combination of factors like changing dynamics around home ownership and Covid-19-induced need to have one’s own safe