Higher Interest rates (increased by .40 basis point) does not translate into much of hike, but yes it surely has a sentimental impact couple with Stamp Duty @6% to buy a Home in Mumbai is now pinching a bit in the Summer Heat. The real estate markets are surely here for good stability but the last week carnage in the stock market has hit the sentiment hard. Clients asking for properties specially in the Under Construction domain are likely to take a little more time to take a decision viz a viz a home buyer who needs a home. The Premium segment in Mumbai surely has done well over the past few years, owing to good discounts and lower stamp duty till March 2021 but it will be interesting to see how the market pans out over the next few months. With monsoon on the heads, construction activity may slow down a little bit but the good part is that the Indian Economy is emerging far stronger than its other asian peers and more stable. So we may have a pause or the monsoon blues for a few months but the markets will come back with a bang yet again.