Strong fundamentals real estate sector

Mumbai, Sept 11 Rising interest rate, oversupply in development phases and project execution are temporary dampeners for the domestic real estate sector that is propelled by strong fundamentals. Long-term demand drivers such as a sustained GDP growth, rising affordability, population growth, favourable demographics, rapid urbanisation and increasing mortgage penetration, besides an improving regulatory framework are in place, according to equity broking house Prabhudas Lilladher.