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Saturday, 05 Jun 2021
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Pritam Chivukula - Co-Founder & Director, Tridhaatu Realty and Secretary, CREDAI-MCHI on RBI policy

Construction Activity
"We thank the RBI for continuing with their accommodative stance. The second wave of the pandemic and intermittent lockdowns across major cities has led to economic uncertainties across the country. There is also uncertainty around the vaccination and the increasing input costs is having a catastrophic impact on the survival of few businesses. Therefore we urge the Central Government to address the deteriorating health of MSMEs and various other sectors which have been severely impacted by the second wave of the pandemic. The low interest rates have been a crucial factor in the revival of the demand in the real estate sector.  Looking at the record transactions in the previous quarters where the homebuyers took advantage of the stamp duty benefit before the March deadline, we urge the State Government too to reconsider their decision on the stamp duty waiver in interest of the homebuyers again."


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