Bengaluru: Increased postal pandemic buyer sentiment, coupled with low home loan interest rates have caused more people who want to buy new apartments.
Trust, which was a heavy blow last year due to a pandemic, slowly returned to Bengaluru also because of the strong and rapidly developing sentiment in the technology sector.
SBI has announced a loan interest rate at 6.7% regardless of the loan amount, which can cause other banks to reduce interest rates.
Anarock property consulting company shows that the highest demand is currently in the premium segment, where the property is given a price of 80 lakh rs and above.
This is mainly the result of homes that are now multiplying as offices and center-e-learning.
“Last year, the real estate sector was brought to a place that was close because of the locking enforced throughout the country because of the emergence of pandemic.
This year it looks more optimistic with all sectors slowly opening and taking with full enthusiasm.
We have seen loan growth of 15-17% for a year Finally, “said Nand Kishore, Head of General Manager, SBI Bengaluru.
Home loans have increased because more people decide to buy a house.
In cities such as Bengaluru, interest is expected to be more because of the hot red technology market.
Kishore Jain, Managing Director of Jain Heights, said: “Everyone has understood the importance of having a house during a pandemic.
Many improve and look for a larger house.”
Low interest rates increase home sales in Bengaluru
