Realty sector welcomes RBI’s decision to keep repo rate unchanged, says it will encourage buyers’ confidence
Real estate experts have welcomed the Reserve Bank of India’s decision to keep the repo rate unchanged for the eighth time.
Aditya Kushwaha, CEO and Director of Axis Ecorp said that RBI’s move to maintain the status quo on repo-rate and reverse repo-rate for the eighth consecutive time will provide stability to markets and give much-needed liquidity.
Kushwaha also remarked that the real estate sector will continue to benefit from the low rate of interest.
“The sector is experiencing good momentum and this decision would further boost demand and sales during the festive season. Another positive takeaway from today’s announcement is that RBI has retained the GDP forecast for the current financial year at 9.5 per cent which will also act as a sentiment booster,” he added.
