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Why the stock of Sunteck Realty is a good buy
Well-poised to benefit from housing-friendly measures announced by the government
The Covid-19 impact has resulted in demand slowdown in the real-estate sector. To give a boost to the residential segment, the Centre has announced a slew of measures including its push towards affordable housing segment, and interest rate concessions through credit linked subsidy scheme. This along with RBI’s interest rate cut and stamp duty rate reduction from the respective state Government are not only expected to bring back home buyers to the market, but also reduce the level of completed inventories in the respective states.