The push by the government towards housing for all will get a boost as home loans get cheaper. The interest rate reduction as well as GST rate cut has improved affordability for home buyers.
We expect that this will tilt those home buyers sitting on the fence in a wait and watch mode towards taking a purchase decision. The fact that rates per square foot have been stagnant to negative has led to a substantial reduction in inflation adjusted rates. This makes affordability the highest in many years.
This will help developers clear unsold inventory and restart the cash flow cycle that has been brought to a halt for a multitude of reasons.”
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