“After a budget that had limited announcements for real estate, the sector was hoping against hope for a further reduction in the repo rates. The reduction would have helped spurred growth in demand for real estate assets, that has been severely hit as a result of the pandemic and subsequent lockdowns. Currently, apart from the reduction in stamp duty charges in some parts of the country, the all-time low housing loan rates have given the much-required filip to sales activity in the last quarter. The reduced repo has the potential to boost consumption in the economy and help reduce dependence on government spending.”
Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory
