Key Points
The Monitory Policy Committee (MPC) of the Reserve Bank of India (RBI) kept the Repo rate unchanged for the seventh consecutive time on Friday - bringing cheers to the countrys realtors and industry stakeholders..
According to Deepak Kapoor, Director, Gulshan Group, RBIs decision is good news for the countrys realty sector..
The decision by RBI to keep the rate at 6.50% has cheered the sector, he says.. Dhruv Agarwala, Group CEO, Housing.com & PropTiger.com says the decision, amid improving growth numbers and moderating inflation augurs, well for the real estate sector in India..
With consumer demand driving the real estate sector, especially in luxury housing, the decision to maintain the repo rate status quo supports feasible macroeconomic indicators and encourages new homebuyers to invest in property..
As India's economy continues to grow, the real estate sector is poised to play a significant role, making the current repo rate policy a crucial factor in fuelling positive demand and contributing to the country's economic expansion, says S K Narvar, Group Chairman, Trident Realty...
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