Rate cuts lift home buying sentiment, but Mumbai and NCR remain unaffordable

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Reduced home loan interest rates are improving buyer confidence across India, according to a recent report. However, affordability remains a significant hurdle in key markets like Mumbai and the National Capital Region. Delhi-NCR has seen a rise in new housing supply, driven largely by ongoing infrastructure development in the region. Bengaluru is experiencing a surge in property launches, keeping pace with growing demand in the city. Analysts note that local market conditions are increasingly influencing the broader trajectory of India's real estate sector.

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