“We welcome the RBIs decision to continue with their accommodative stance ahead of the festive season. The rising vaccinations should lead to opening up of the contact-intensive services sector which were hit hard by the virus. The low interest rates have been a crucial factor in the revival of the demand in the real estate sector. Also, the reduction in home loan interest rates by leading banks for a limited period have extended the best buying opportunity for the homebuyers. The buyers are already coming back to the market and we feel that the upcoming festive season will be a lot better than the previous years. For the next few days, the buyers can swoop in on good deals on the back of rock-bottom interest rates on home loans along with festive offers from good developers on the eve of expected price rise.”
