The RBI retained the established order as the MPC voted overwhelmingly\nto keep the rates stable. The repo rates remained unchanged at 4% and the RBI\nexpects significant growth in Q3 and Q4. Some additional announcements were\nexpected from the real estate sector; however, the industry has only to rely on\nthe announcements made in the last few months. Real estate experts feel that\ndemand is healthy and that the current RBI status quo would have no adverse\neffect on it. <\/p>\n\n\n\n
The announcements of repo rate cuts by the banks through the lockdown\nhave helped the reeling market of real estate. Aloof from the rate cuts, RBI\nhas also gone ahead with proposals such as rationalisation of risk-weightage\nnorms, restructuring of loans based on the projects, linking home loans to LTV,\nthe intensity of policy changes made within few months reflect the positive\nintent of authorities to support major sectors like real estate. <\/p>\n\n\n\n
The obligation to lend continuous support rests solely on the swift\ndisbursement of funds by banks. Home loan interest rates are at their lowest\nlevel, which has already seen a positive effect in the residential segment\nduring the holiday months. The next quarter is likely to see more of this and a\nflattering curve,” says Yash Miglani, MD Migsun Party. <\/p>\n\n\n\n
Flexibility to lower prices if the economy needs help shows a hopeful\nindicator for the future. Residential real estate backed with festive offers\nand deferment payment plans has been faring well post-unlock. The sector is\nexpecting GDP growth for 2021 projected at 7.5% of the realty sector that can\nprovide a significant share in the overall economic development.<\/p>\n\n\n\n
Real estate sales have developed, especially after home loan interest,\nand it will further grow if other states reduce stamp duty after the\nannouncements made by Maharashtra, Karnataka, and Madhya Pradesh. The sector\nwill serve a lot as the demand is already high and reduction in stamp duty will\nprovide a further boost and the sales figures over the last few months are\nevidence that buyers are enjoying the low home loan interest rates. <\/p>\n","protected":false},"excerpt":{"rendered":"
The RBI retained the established order as the MPC voted overwhelmingly to keep the rates stable. The repo rates remained unchanged at 4% and the RBI expects significant growth in Q3 and Q4. Some additional announcements were expected from the real estate sector; however, the industry has only to rely on the announcements made in […]<\/p>\n","protected":false},"author":1,"featured_media":133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\n