Is realty revival here to stay? Key stakeholders believe so

Lower interest rates, increased affordability, fewer stamp duties are all coming together to improve the demand for real estate and the overall economy is reviving. Hiranandani believes the recovery in real estate can sustain from current levels. The state governments are making favourable moves to ensure there are more transactions and greater volumes being created in terms of realty buying activity, He noted the Maharashtra government has taken a steep cut in stamp duty rates to increase affordability. He noted they have seen a lot of traction in ready to move inventory that was built up in various cities.

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