By SAROJINI AHUJA
VP - Sales, Marketing & CRM, Transcon Developers
The RBI Governor’s announcement to hold the key interest rates was much anticipated. After the Government's growth focused budget, the status quo by RBI will create demand for the real estate sector further strengthening the economy.
The stamp duty cut announced by the State Government has already given a much-needed push to the real estate sector especially the luxury housing segment. We expect the demand to sustain in this quarter as well as these is still some time left to avail the stamp duty benefit. RBI's accommodative stance will help mitigate the effects of Covid-19 on businesses and will be a key to the recovery of real estate and the overall economy.