Real estate sector to benefit from RBI’s status quo on policy rates
The Reserve Bank of India’s decision to keep the policy repo rate at a low level of 4 per cent will benefit the real estate sector, industry experts said.
In the first monetary policy review of the financial year 2022-23, the RBI kept the key policy repo rate unchanged for the 11th time in a row. The repo rate is kept unchanged at 4 per cent and the reverse repo rate at 3.35 per cent. “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,” said Aditya Kushwaha, CEO and Director, Axis Ecorp.
“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,” said Kushwaha.
