Real estate picking up on lower interest rates: HSBC Global

Tushar Pradhan, CIO of HSBC Global Asset Management (India) feels that the real estate sector is picking up because of interest rates being low.

“Inflation has picked up to about 7 percent and above in India. Interest rates are at negative real yields for quite some time now. Therefore, typically when negative real yields start to happen in any economy the shift to real assets starts to happen,” Pradhan said in an interview to CNBC-TV18.

On aviation, he said the sector has seen a sharp uptick as it is seen as a safe mode of travelling during the pandemic.