Service villas emerging as the next big housing trend with Aditya Kushwaha, CEO & Director Axis Ecorp
RBI Monetary Policy 2022 April: In a major development, the Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at 4 per cent and going forward decided to withdraw its accommodative stance to ensure that inflation remains within the target level.
This is the 11th time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo. The central bank had last revised its policy repo rate or the short-term lending rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting the interest rate to a historic low.
After being jolted by the pandemic, the Indian economy had started making steady progress. All through the pandemic, RBI has taken a pro-growth stance and maintained the same in today’s MPC meeting as well. It comes as no surprise that RBI has decided to maintain the status quo on the rates. We believe that continuing with the same rates will help sustain the demand momentum in the real estate sector. Access to home loans at affordable rates will help in improving the market sentiment and more people will be open to evaluating real estate as a good investment option.
