Despite rising home loan interest rates, the residential real estate market is booming, driven by infrastructure projects, high rental incomes, and a return to in-office work. Ready-to-move properties are in high demand, offering immediate possession and peace of mind for buyers.
The real estate sector expects the 2021-22 Union Budget to address pandemic-induced challenges. Key demands include tax reforms, easier loan access, and lower interest rates to stimulate demand and infrastructure development.