To fight surging inflation, the Reserve Bank of India (RBI) has increased the repo rate by 225 basis points between April 2022 and December 2022. Due to this, banks have also passed on these rate hikes to the loan borrowers by raising interest rates. Moreover, further rate hikes by the central bank are not completely off the chart. Amid this and surging inflation, homebuyers are eagerly waiting for some relief from Finance Minister Nirmala Sitharaman in the upcoming Union Budget 2023.