With several companies making work-from-home optional or mandatory, households are pushing to buy bigger houses in order to increase the comfort of their working space. Indian joint family tradition, even in big cities, makes the current set-up unsuitable to work from home, according to industry watchers.
Further, the steep cut in interest rates undertaken by the central bank over the past two years coupled with initiatives such as stamp duty cuts in places like Mumbai have given a fillip to demand as well.
“Low mortgage rates and muted price hikes will continue to support demand along with availability of ready to move inventory,” brokerage firm
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