Mumbai (Maharashtra) [India]: Several industry experts said on Friday that the Reserve Bank of India’s (RBI’s) decision to keep key interest rates on hold augurs well for the real estate sector as it will further improve consumer sentiment.

Aditya Kushwaha, CEO and Director of Axis Ecorp, said keeping the rates unchanged will prompt more buyers to invest in secured assets like real estate. “For the upcoming season, real estate players including us are looking forward to launching new projects.” Vinit Dungarwal, Director of AMs Project Consultants, said keeping interest rates unchanged is a welcome move as it will help in demand creation. “For the real estate sector to have a strong H2, low-interest rates offered should continue preferably till the end of the year.”