“While the increase in repo rate was expected, we feel that it will have only a marginal effect on the real estate sector. While this would mean an increase in interest rates for housing loans, the demand that the sector is currently witnessing is expected to remain the same. The pandemic has effected a paradigm shift in people wanting to own homes rather than rent them. There is also the availability of surplus income which prospective buyers prefer to invest in real estate. With home loan interest rates being equal to or lower than pre-pandemic rates, we expect the current momentum in demand to continue, and the future looks bright.”