In a move that has resonated positively across the real estate sector, the Reserve Bank of India (RBI) has announced its decision to maintain the current policy rates.

This move is seen as a catalyst that will stimulate growth within the housing market, with industry experts predicting that this will help in keeping the housing boom on track, as prospective home buyers will not face any deterrent in way of softened home loan rates. 

Aditya Kushwaha, CEO and Director, Axis Ecorp 

Axis Ecorp welcomes RBI’s decision to maintain the repo rate at 6.5%, reflecting a commitment to stabilizing India’s retail inflation. This move ensures consistency in interest rates, offering homebuyers assurance of steady loan terms. With affordable home loan rates, the market beckons new borrowers into a realm of opportunity. The surge in new project launches, housing unit supply, and luxury sales, alongside record property registrations and 7% price appreciation, underscores the robust real estate performance. The luxury real estate sector in the country is experiencing an unprecedented boom fueled by a convergence of factors. Affluent buyers seeking exclusive, high-end properties are driving demand to new heights. This surge is not only evident in metropolitan cities but also in emerging luxury destinations, where discerning individuals seek unique, luxurious living experiences. A steady interest rate regime coupled with increased government infrastructure investments and liquidity management will enable this segment to grow further.