Navratri 2023: Five reasons to buy a house this festive season. Know here

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festive season and developers announcing new launches and new offers with freebies during these months, the demand usually remains high. The added benefit for customers would be no rise in home loan EMIs. This would definitely enhance the joy of festivities for homebuyers," said Rahul Mehrotra, MD & CEO, of Religare Housing Development Finance Corporation Limited (RHDFCL).

Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here The RBI’s decision to keep the repo rate at a steady 6.5% presents a beneficial opportunity for home buyers this festive season. “The unchanged repo rate is a festive bonanza for homebuyers, as it gives them another chance to buy homes at optimal costs," said Pramod Kathuria, Founder and CEO of Easiloan.

“Despite short-term volatility, the real estate market has historically trended upwards, which means that buying a house now could be a good investment for the future, making this festive season ideal for homeownership," said Kamaljeet Rastogi, Chief Executive Officer, SahiBnk, Powered by Manipal Business Solutions. Strong economic growth, rising urbanisation, and government incentives are driving growth in India’s home loan market, despite rising EMI costs. Despite EMIs getting costlier, home loan demand is expected to accelerate due to the festive season.

“The demand for affordable housing is also expected to stay robust during the festive season. This is because developers are focusing on affordable housing projects, and the government is also providing incentives for affordable housing," said Pramod Kathuria. “Government initiatives such as the Pradhan Mantri Awas Yojana (PMAY) and other schemes will