The RBI’s monetary policy committee in its April meeting maintained status quo on policy rates, in line with market expectations. This move towards maintaining stability in lending rates bodes well for the real estate sector, which has been consistently growing.

Aditya Kushwaha, CEO and Director, Axis Ecorp, said, “With affordable home loan rates, the market beckons new borrowers into a realm of opportunity. The surge in new project launches, housing unit supply, and luxury sales, alongside record property registrations and 7% price appreciation, underscores the robust real estate performance. The luxury real estate sector in the country is experiencing an unprecedented boom fueled by a convergence of factors.”

Affluent buyers seeking exclusive, high-end properties are driving demand to new heights. “This surge is not only evident in metropolitan cities but also in emerging luxury destinations, where discerning individuals seek unique, luxurious living experiences. A steady interest rate regime coupled with increased government infrastructure investments and liquidity management will enable this segment to grow further,” added Kushwaha.