Tag: Uddhav Poddar

Business

Urban Square Mall Embraces the Spirit of Valentine’s Week with Exciting Events and Offers

Feb 10, 2024 by Sujata Muguda 0 Comments #Bhumika Group, #Uddhav Poddar, #Urban Square Mall, #Valentine’s Week

Urban Square Mall, Udaipur’s premier shopping and entertainment destination, has kickstarted a week-long celebration of love in view of Valentine’s Week from February 7th to February 14th. The mall has been adorned with vibrant decorations and offers an array of exciting activities for patrons to enjoy. Visitors can indulge in a shopping spree with exclusive discounts and offers on beauty cosmetics and fashion apparel throughout the week.

Urban Square Mall V Day

Pop-up stalls have also been set up within the mall, offering a variety of Valentine’s Day essentials and gifts for loved ones. Adding to the ambience, musical performances will also take place every evening till February 13th. Acoustic guitar melodies and soulful singing will serenade visitors, setting the perfect backdrop for a romantic evening.

On February 14th, the destination will host a special performance featuring local artists from Udaipur showcasing traditional folk music and dance. This grand finale promises to be a captivating celebration of love and culture.

Urban Square Mall- V Day

Mr. Uddhav Poddar, Managing Director, Bhumika Group, expressed her enthusiasm for the upcoming festivities, stating, “Valentine’s Week is a time to celebrate love and affection, and we are delighted to create a memorable experience for our patrons. We have curated a lineup of events and offers that embody the spirit of romance, and we invite everyone to join us in celebrating this special week.”

Business

Realtors welcome continuation of low home loan interest rates in latest RBI MPC

Dec 9, 2021 by Gouri Achary 0 Comments #Ar Nayan Raheja, #Dhiraj Bora, #low home loan interest rates, #Pradeep Aggarwal, #RBI MPC, #Realtors, #Uddhav Poddar

The real estate sector did not receive anything significant in the recent RBI MPC, but realtors are taking comfort in the RBI’s decision to maintain the status quo in the repo rate. According to realtors, “The apex bank is clearly confident about economic growth in the recent MPC. As the economy recovers from the pandemic, the central bank has pushed for a steady policy environment. In FY22 and FY23, a progressive unwinding of liquidity, stable energy costs, and the government’s handling of the pandemic will be critical to growth.”

Thanking the apex bank for continuing with the accommodative stance, Pradeep Aggarwal, Founder & Chairman, Signature Global Group, Chairman, ASSOCHAM, National Council on Real Estate, Housing and Urban Development, said, “The low home loan interest rate has been a crucial demand by real estate, and the RBI has helped the sector by maintaining the status quo. We would suggest that the buyers take advantage of the current situation because later prices might go upwards under the pressure of increased costs.”

The RBI maintained a low repo rate that would be helpful for the real estate sector. “We have to understand that real estate does not work alone but depends on the growth of all other sectors/industries. The accommodative stance that RBI has taken will boost the economic environment and lead to a conducive situation for the real estate sector too. Looking at the increased demand for real estate, we urge the state governments to reduce stamp duty to be a gift to the homebuyers,” said Ar Nayan Raheja of Raheja Developers.

The value of the real estate as an asset will continue for a long, and strengthen with time as the industry begins to recuperate; low home loan interest rates have worked really well for the sector. Additionally, more push is needed with support from govt. to bring back the influx of fence-sitters in the market. Navdeep Sardana, Chairman & Managing Director, Elite Landbase, said, “Since May 2020, the RBI has kept the repo rate unchanged, which is understandable. A tightened fiscal policy is counterintuitive in a time when the emphasis is on growth and spending. However, it is also a time, when a shift is needed from a number-centric fiscal approach to a more holistic and sector-specific policy roadmap. In real estate, there is a pressing need for tailormade subsidies and discounts to help the sector recover fast. We have seen how stamp duty reduction has boosted housing sales in the past and similar measures can be icing on the cake. Likewise, credit subsidies to developers and reviewing of GST on raw materials can also be highly helpful and optimize the overall housing supply chain”.

Realtors feel that though real estate needs several measures, it will be good to implement the announcements made in the last few months to achieve progress. LN Jha, Director, SKA Group, said, “As the inflation is pegged at 5% (within the safe zone of 2-6%), RBI’s decision to keep the repo rate unchanged at 4% was very much on the expected lines. Simultaneously, the sustenance of accommodative stance also bodes well for the emergence of a strong economy, out of the sustained revival path. With new variants being found, these are crucial times that require a high degree of monetary and fiscal support and RBI is dealing rightly with it. This decision will have a long-lasting impact in ensuring consistent growth to the entire real estate sector and its ancillaries.”

Uddhav Poddar, MD, Bhumika Group, said, “While the MPC expectedly maintained status quo on the policy rates, we would have hoped for a reduction in rates to uplift the sentiment, especially when customers have started regaining their faith back and have begun treading towards making high-end purchases. Lower EMIs play a critical role in order to rekindle demand and making real estate assets more appealing. RBI has also enhanced the transaction limit to Rs 5 lakh from Rs 2 lakh for UPI payments for RBI’s Retail Direct scheme, which will be giving a significant boost to the particular segment.”

“Though we had hoped for real estate-specific announcements, we recognize that the RBI needs to focus on all sectors to achieve economic development. Maintaining the repo rate in real estate will help a lot in terms of retaining buyer sentiment. While a stable repo rate is appropriate, the necessity for industry-specific measures cannot be neglected,” said, Dhiraj Bora, Head – Marketing & Communication, Paramount Group.

Business

Urban Square commences registry, executes sales deed for Natura Marmo

Nov 29, 2021 by Rekha Nair 0 Comments #Bhumika Group, #Managing Director, #Neerav Jain & Tushar Maru, #Owner of Natura Marmo Granite Co, #Uddhav Poddar

Udaipur: North India’s leading real estate developer Bhumika Group announced that Natura Marmo — one of the leading supplier & exporters of Indian granite, marble, sandstone, limestone and quartzite from India – has taken up 847.53 sq ft space at Urban Square Mall. The company executed the sales deed registry of the company.

Urban Square is located 20 minutes from the Maharana Pratap Airport and 7 minutes from the city centre. Udaipur would benefit from exceptional exposure and frontage along the six-lane roadways connecting Ahmedabad, Udaipur, Jaipur, and Nathdwara, a major pilgrimage destination, since it is located on the Gaurav Path, NH-8, Urban Square.

Neerav Jain & Tushar Maru, Owner of Natura Marmo Granite Co., said, “We wanted a presence at the most happening place, and Urban Square is the address that will bring in the required footfall for us. The mall is also going to attract numerous tourists, which will help us add value to our credibility after they will go through our products here.”

Bhumika Group has recently completed phase 1 of the iconic Urban Square mall. Out of the total 1.8 million sq ft, around 1 million sq ft is ready for the fit-outs. The mixed-use development has a mall positioned as “All Under One Roof” Mall and Multiplex with Retail, Lifestyle, Offices, 5 Star Hotel, a Food Court, Gaming Zone and many more entertainment options.

“We are happy to announce that we have started registry process; it is an indication that everything at the mall is going as promised and planned. We’ve always talked about positioning, and this mall will help brands achieve their goals. For both the brands and us, it’s a win-win situation,” says Uddhav Poddar, Managing Director, Bhumika Group.

Business

Urban Square signs Allen Solly and Peter England

Sep 18, 2021 by Rekha Nair 0 Comments #Bhumika Group, #Managing Director, #Uddhav Poddar

Udaipur: Bhumika Group, one of the leading real estate developers in the country, announced that Allen Solly, Peter England have leased out space at Urban Square Mall, Udaipur. The brands have taken up 4500 sq ft in the mall – Allen Solly 2000 sq ft and Peter England 2500 sq ft. Last month, Pantaloons and Thick Shake Factory leased out over 18000 sq ft space here, with Pantaloon taking 17000 sq ft and Thick Shake Factory 1100 sq ft.

These three brands will add value to people’s lifestyles in the region. “The regular interest shown by big brands in the mall proves the utility of the mall. We have always been talking about positioning, and this mall will give desired results to the brands. It is a win-win situation for the brands and us. The objective is to provide the best lifestyle to the city’s people and cater to the international tastes of the tourists visiting the city. The possession at the project will start soon, as we are working according to the RERA commitment,” says Uddhav Poddar, Managing Director, Bhumika Group.

Udaipur’s Urban Square is iconic hospitality-focused mixed-use destination development with a balanced mix of Commercial, Retail, Hospitality and Entertainment. Spread over an area of 1.8 million square feet, Urban Square has leading global brands such as Adidas, Puma, Asics, Shoppers Stop, Inox, Marks & Spencers, Tata Westside, Tata Zudio, Reliance Trends, Adidas, Puma, Asics, F-Bar, Holiday Inn, etc. already signed and many more under finalization.

Business, News

Bhumika Group ropes in Spectra to manage Urban Suites

Jul 6, 2021 by Rekha Nair 0 Comments #Bhumika Group, #MD, #Uddhav Poddar

 

Bhumika Group donates oxygen concentrators to two Delhi based hospitals

Udaipur: Bhumika Group, one of the leading real estate developers in the country, announced that the Group has roped in Spectra Hospitality Services to manage Urban Suite serviced apartments. Part of Bhumika Group’s mixed-use development Urban Square, the 68 serviced apartments comes in 493 sq ft size. The fully-furnished luxury serviced apartments are based on the live, eat and shop concept.

Set up in August 2006, Spectra Hospitality Services is a multidimensional lifestyle consulting, development and management company, specialised across all segments of Hospitality, Leisure and Business Functions. The company has experience in managing properties all across India. The company is involved in a diverse range of projects, including resorts, clubs, villas, serviced apartments and mixed-use developments; the experience highlights the company’s understanding of various developments types and their suited feasibilities. Its clients include the industry’s leading asset owners, domestic and international hotel operators, investors, financial institutions and real estate developers across all segments of hospitality, leisure and business functions. The company is successfully managing and Asset Managing, Independent Boutique and Branded luxury resorts such as Radisson, IHG, and Hyatt Hotels in key leisure locations across domestic and international locations.

Udaipur’s Urban Square is located 30 minutes from the Maharana Pratap Airport and 7 minutes from the city centre. Udaipur would benefit from exceptional exposure and frontage along the six-lane roadways connecting Ahmedabad, Udaipur, Jaipur, and Nathdwara, a major holy destination, since it is located on the Gaurav Path, NH-8, Urban Square.

“Urban Square will provide the best of experience and services to the people of South Rajasthan and also the  tourists that swarm the State. Our tie-up with Spectra Hospitality Services for our Serviced Apartments “Urban Suites” is another such endeavour to ensure that the customers get the luxury they aspire for at the right price point. Spectra is a renowned hospitality company managing many large international hotels and we will offer that experience at an affordable price with “ Urban Suites”. Not only Urban Suites, we have also tied up with some of the biggest retail brands making Urban Square a wholesome experience of hospitality, food, entertainment and retail.” says Uddhav Poddar, MD, Bhumika Group.

Spread over an area of 1.8 million square feet, Urban Square is being conceived and developed as an iconic, hospitality-focused mixed-use destination development with a balanced mix of commercial, retail, hospitality, and entertainment for the entire State of Rajasthan and tourist traffic. The project has been conceived as a catalyst to enhance commerce, infrastructure and hospitality standards of the historical city of Udaipur.

It is being built in two phases and will include an “All Under One Roof” mall, a six screen multiplex, lifestyle retail, mouth-watering F&B selections, a Food Court, an adrenaline-driving Gaming Zone, a Bowling Alley, and several more entertainment options for the entire family. Recently, Pizza Hut and KFC have leased out space at Urban Square Mall.

Business World, Health, News

Bhumika Group donates oxygen concentrators to two Delhi based hospitals

May 5, 2021 by Rekha Nair 0 Comments #Bhumika Group, #MD, #Uddhav Poddar

New Delhi | Rajasthan based real estate group Bhumika Realty has been generously working towards the needy people during this second wave of Covid. During this unprecedented times, Bhumika Group has partnered with Ketto and Democracy People Foundation and has donated 20 oxygen concentrators to two Delhi based hospitals.

We all know Delhi has been in dire need of Oxygen at the moment with growing no of cases every day.

“Given the current state of human misery, it is our duty to help others in whatever capacity we can. The government is trying its best in providing all medical facilities including Oxygen during this acute crisis. Meanwhile, we as a corporate also realised our responsibility and by donating 20 Oxygen concentrators we hope to make a small difference in the fight against Covid, says Uddhav Poddar, MD, Bhumika Group.

Bhumika Group has been active in addressing the needs of society, especially during the Ist wave of pandemic last year and the second wave as well. The Group has been undertaking such activities that can benefit the people.

Bhumika group is developing Urban Square – Rajasthan’s largest retail and hospitality centric Mixed use development at Udaipur with Phase I possession nearing soon. Their second project is Urban Square Galleria, Alwar’s largest food and entertainment mall which is under construction.

Business World, News

Bhumika Group begins 2021 with big bang…

Feb 23, 2021 by Rekha Nair 0 Comments #MD of Bhumika Group, #Uddhav Poddar

Udaipur, Rajasthan: While real estate sector is looking for revival in 2021, Bhumika Group has started the year on a positive note by leasing 25,000 Plus Sq Ft area at the Urban Square – their flagship mixed used project at Udaipur, Rajasthan.

Inspite of all the odds, the group has signed eminent brands like Allen Solly, Van Huesen, Louis Philippe, Spyker and Funland which is about 17,000 Sq Ft area. And since unlock, group has managed to lease a total area of approximately 25,000 Sq Ft area with Levis, Adidas, Puma, Asics, and Market 99 also signed up earlier. In total he Mall has pre- leased more than 2 Lakhs Sq Ft so far.

Ecstatic on this achievement, MD of Bhumika Group, Uddhav Poddar said “We are extremely thankful to the brands for showing their trust and commitment towards opening their stores in our Mall. We have put our heart & soul in creating this iconic landmark in Udaipur, the largest in the Rajasthan. We are taking all necessary actions to offer the possession of Phase I soon”

Further he adds that “All the brands signed up earlier have honored their existing commercial terms post Covid as it was during the agreement signing and they have confirmed that they will be taking possession as per the committed timelines.”

Urban square is one of the only few projects in Udaipur, where construction is going as per the schedule timelines. Recently Fire NOC and partial completion has also been obtained.

There is not much inventory left in the mall now. As per the company officials, it is the best time to invest in Urban Square, Udaipur. The indications are that prices are expected to appreciate soon, especially once the mall becomes operational.

Urban Square has the best brand mix; so far 30 brands have been signed.

Some of them are Shoppers Stop, Reliance Trends, Tata Westside, Inox, Mark & Spencer, Holiday Inn, Tata Zudio, Sketchers, Arrow Sport, FCUK, F-Bar, Looks, Go Colors, Reebok, Pepe Jeans, Asics, Puma, Kazo among others.

Urban Square is a 1.8 million sq ft mixed-use project developed in phases, which also has a mall positioned as an ‘All Under One Roof’ with lifestyle retail, along with a food court, a state-of-the-art multiplex, gaming zone, a bowling alley, and many more entertainment options. The development also includes Grade -A commercial office space, Fully Furnished commercial serviced apartments, and a 5-star hotel.

Business World

Bhumika Group bags “Emerging Developer of the Year award – Retail” and “Architectural Design of the year retail (North)”

Dec 1, 2020 by Neel Achary 0 Comments #Bhumika Group, #Managing Director, #Uddhav Poddar

New Delhi: Leading developer and a multi-award winner Bhumika Group has bagged 2 more awards last week for the exemplary work that they are doing in the real estate sector. They were recognized as the ‘Emerging Developer of the Year – Retail’ and ‘Architectural design of the year – Retail (North)’ for Urban Square, Udaipur.

Commenting on the win, Uddhav Poddar, Managing Director, Bhumika Group, thanked the jury and added “It gives us immense pleasure to get acknowledged for something like this. Urban Square is the Ist flagship project of Bhumika Group where everyone has put their heart & soul into it. We are committed towards creating developments which will have an “International Shopping Experience” with an appropriate product mix suited to the respective market built to International standards and delivered on time. Such recognitions are a great honor for the organization.”

Bhumika Group is developing 2 malls – Urban Square at Udaipur & Urban Square Galleria at Alwar. It has plans to expand in cities like, Jaipur, Jodhpur, Bhilwara, Kota & Delhi NCR.

Urban Square is a 1.8 Million Sq. Ft. mixed use development which has a mall positioned as “All Under One Roof” Mall. It’s the largest mixed use development of Rajasthan spread across 1.8 Million Sq. Ft. with High Street Retail, Service Apartments, a 5-Star Hotel, Office Suites, Signature Clubs & banquets and multi cuisine restaurants. The architecture of the project delves deep into the use of indoor and outdoor, formal and informal spaces, vibrant colours, ethnic traditions and handicrafts which is an intrinsic part of the heritage of Rajasthan.

Many leading International & National brands have already been signed up.

As per the sources, Phase I, measuring approximately 1 million square feet will be ready for possession very soon, as per the scheduled time despite the COVID crisis.

The group has already won 7 coveted awards for Urban Square which aims to provide a one-stop destination for the citizens of Udaipur and travellers to the city of Udaipur & Nathdwara. No doubt this is another feather in the Cap.

Business World

Inputs on RBI Repo Rate Announcement

Oct 10, 2020 by Gouri Achary 0 Comments #Amit Modi, #Manoj Gaur, #Pradeep Aggarwal, #RBI Repo Rate, #Uddhav Poddar

Dhruv Agarwala, Group CEO, Housing.com, Makaan.com and Proptiger.com, The status quo on repo rate was expected as inflationary pressures made it difficult to cut rates further. Rationalising risk weightage on home loans and linking it to Loan to Value (LTV) ratio will effectively result in higher credit flow to the real estate sector, which is positive news for the sector. Also, the hike in credit limit for retail exposure by a single lending entity from Rs. 5 crores to Rs 7.5 crore is a welcome move that will immensely help both retail as well as small businesses.

Ashish Bhutani, MD & CEO, Bhutani Infra
This decision of the RBI to keep the repo rate unchanged was taken due to the signs of revival that the MPC has observed recently. However, the bank should have taken into consideration the need for liquidity. The apex bank has also talked about improving liquidity in the market, which will have a direct bearing on the real estate too. Like the RBI we too are optimistic about the economic growth. Having said that we were hoping for announcements that can specifically talk about various sectors and how banks are going to help improve the growth. However, we are upbeat as the consumer sentiment is high, especially after they witnessed the brittle nature of other investment vehicles as against real estate.

Ankit Kansal, Founder & MD, 360 Realtors
The recent decision by RBI to keep the repo & reverse repo rate unchanged underpins the accommodative policy by the government alongside reining the inflation rate. This should have an overall positive impact on the recovering Indian Real Estate industry as an accommodative stance should plug-in the liquidity crunch in the market. Likewise, managing inflation will control the cost. At the same time, the RBI has announced a sharp GDP decline of 9.5% for FY 21, which is in line with what has been predicted by most of the major international & domestic rating agencies. Now all eyes would be on how the government plans to combat the economic slowdown and boost demand. A host of steps in the form of capital injection, refinancing of banking institutions, policy impetus, subsidies, and discounts are required to see a faster recovery.

Uddhav Poddar, MD, Bhumika Group & Founding Member, SCAI
“The real estate sector is badly affected due to the pandemic, and it needs support from the banks. One of the biggest issue with some of the realtors is the liquidity issue, and we hope RBI will address it as it has announced to take steps to ease liquidity. One of the announcements that is beneficial for the sector is that the new housing loans to be linked to LTV only. We hope that the buyers will take advantage of the situation and realize their dream of owning a home.”

Amit Modi, Director, ABA Corp & President (Elect) CREDAI Western UP
Even though the apex bank has kept the rates unchanged, but we still believe that there is room for financial institutions to cut down on their lending rates for their customers. During the lockdown, the RBI reduced the repo rate which failed to bring cheer to the market, however now the stagnant rates today might have helped smooth the economy to some extent and the benefits of which are yet to be fully passed on to the customers.

Manoj Gaur, MD, Gaurs Group and Chairman, Affordable Housing Committee, CREDAI (National)
With inflation remaining above the targeted level, the status quo on the policy was expected. But it is indeed heartening to note that despite not much room available for lowering of rates, the apex has yet ensured some relief for the real estate sector. The lower of risk weightage on home loans and linking it to LTV only will ensure more credit to customers and thereby to the sector. Also, by announcing that accommodative policy stance, RBI has indicated that interest rate is unlikely to harden anytime soon, which again augurs well for the sector”.

Pradeep Aggarwal, Founder & Chairman – Signature Global Group & Chairman – ASSOCHAM National Council on Real Estate, Housing and Urban Development
“It was an expected move by the RBI to keep the repo rate unchanged, and it is commendable that it is doing its part to ensure that the economy stays on the right path. Loan on LTV will be helpful for the real estate sector, and it will help them get more loan amount.”

Abhishek Bansal, Executive Director, Pacific Group
It was an expected move, as we all understand that the repo rate is already low. The real estate market has started picking up as people are enjoying the low-interest rates and subdued pricing. The sector is also enjoying the fruits of the changed mindset of people towards owning a real estate asset, be it for living or earning extra income. The safety of real estate investment that came to the fore will gain steam during the festival season as fence-sitters too will come out in great numbers.

Deepak Kapoor, Director, Gulshan
RBI Governor Shaktikanta Das announced that the repo rate would remain unchanged at 4 per cent and reverse repo rate at 3.35 per cent. The apex bank has also announced that it is ready to take steps that will infuse liquidity to improve financial conditions. The market will eagerly wait for these steps as improvement in economic conditions of other industries will have a direct bearing on the real estate sector. The realty sector is already reaping rewards of the multiple steps taken by the government and low home loan interest rates extended by banks. RBI should have made some announcement to improve liquidity in the real estate sector, as many developers are facing the heat after COVID-19 led to a complete shutdown of operations. The optimism of RBI regarding economic growth is welcome, and we hope that the government pays attention to the requirements of the sector, which is the largest employer in the country.”

Achal Raina, COO, Raheja Developers
The extension of lending limit for retail exposure from Rs 5 crore to Rs 7.5 crore along with the reduction of risk weightage on home loans and linking it with LTV ratio augurs well for the real estate sector.

Yash Miglani, MD, Migsun Group
The real estate sector is enjoying the fruits of high consumer confidence for the past few months, and it will attain newer heights in this festive season. We were expecting the repo rate to remain unchanged, and the decision of the RBI it will have no impact on the sector in the current scenario. In the latest announcement, the provision of housing loan to be linked with LTV is going to help the buyers, and hence the sector will see more sales.

Harvinder Singh Singh Sikka, MD, Sikka Group
We understand the reasons for keeping the repo rate unchanged. However, one favourable measure for the real estate is that the new housing loans will be linked on to loan to value (LTV). It will help the buyers get loans easily and realize their dream of buying a home. The buyers are already coming back to the sector and the coming festival season would be a lot better than the previous years.

Rajat Goel, JMD MRG World
RBI has kept the repo rate unchanged at 4% and reverse repo rate at 3.35%, during its recent announcement with the prediction of GDP decline about 9.5% for FY 21, which is on similar lines with the prediction from rating agencies. Affordable housing segment has seen a good number of enquiries from end-users amid the uncertain market conditions which is a sign of positivity. Apart from this, RBI’s decision to take steps for infusing liquidity remain awaited, which will prominently affect the overall sentiment of the real estate sector.

Amit Jain, Managing Director, Mahagun Group
The announcement was on the expected lines; the good thing is that the RBI looked optimistic about the economic growth, which is a good sign. Real estate sector has already started witnessing positive growth and is speedily recovering from the loss of lockdown. The momentum is picking up pace in this festival season as buyers are enjoying low home loan interest rates.

Vikas Bhasin, CMD, Saya Homes
We are optimistic that the measures announced by the RBI will help revive economic growth. Multiple announcements were made that will help other industries to go on a growth trajectory; this will have an indirect impact on real estate growth too as the sector is susceptible to economic changes. However, after the Unlock, the real estate is on a high note as people swarmed real estate sites to get hold of a property.

Raman Gupta, Director- Branding & Construction, GBP Group
In today’s announcement, the apex bank has maintained the status quo by keeping the repo rate and reverse repo rate unchanged. It was an expected move to keep the economy on its path to revival after being hit by Covid-19. Over past few months, people have realized the importance of owning a home and at this time when people are adjusting to the new normal, they have been seen exploring the stable investment options and real estate is topping the chart. The low-interest rates and onset of the festive season is certain is bring cheers to the real estate sector. Apart from keeping the repo rate at as low as 4 pc, RBI has also announced that it is ready to take steps that will infuse liquidity to improve financial conditions and we are looking forward to its positive impact on the recovering Indian Real Estate sector.

Kushagr Ansal, Director, Ansal Housing & President, CREDAI Haryana
The decision of the RBI to keep the new housing loans only to loan to value will encourage more buyers to come forward. The real estate market was looking good after the Unlock, and this particular step will make more fence-sitters to decide on buying a home. Apart from that, the good sign is that the apex bank is optimistic about economic growth. The measures that the RBI took in the last few months are showing a positive impact, and we hope that the latest decisions will help the economy recover faster.