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Massive increase in real estate transactions is not sustainable: Capitalmind’s Deepak Shenoy

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Deepak Shenoy, Founder of Capitalmind, believes that the increase in real estate transactions is a short-term phenomenon and that it is not sustainable.

Deepak Shenoy, Founder of Capitalmind, believes that the increase in real estate transactions is a short-term phenomenon and that it is not sustainable.
“A lot of it is happening because of cut of stamp duty and cut of interest rates. We will have to see how that lasts because I am seeing this as a short-term phenomenon and things will go back to slightly earlier rates unless housing prices fall down. I don’t think a massive increase in transactions is sustainable,” he said in an interview with CNBC-TV18.
On auto space, Shenoy believes that 2021 could be an interesting year for the sector.
“The numbers are better than last year from a vehicle registration standpoint. We are also seeing change in mobility statistics affect two-wheelers now; it was affecting the car space in November and now it is giving a boost to two-wheelers as well. So I think 2021 is going to be quite interesting from the auto space. I do feel that after 2-2.5 years of hiatus, we are going to see an increase in sales come up. I do think that loan rates coming down will help cars a lot more than two-wheelers and potentially in 2021 we will see that higher prices because of BS-VI and so on will become acceptable,” he said.
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Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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