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The Union Budget may have disappointed those who were seeking relief under income tax slabs, but the latest decision by the Reserve Bank of India (RBI) has surely brought smiles to potential news for homebuyers in the country.
Good News For Homebuyers
Ashwinder R. Singh, CEO-Residential, Bhartiya Urban Infrastructure and Land Development Company said, “This remains positive for the real estate sector, “especially for homebuyers who can still afford new homes because of low home loan interest rates.”
As the Monetary Policy Committee (MPC) of the RBI decide to keep the repo and reverse repo rates unchanged, the country’s real estate developers are now anticipating further surge in demand for residential homes.
After the three day long bi-monthly MPC meeting, …
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