The confluence of unchanged repo rates, buoyant demand in luxury real estate, and increased project launches collectively signifies a promising phase for the industry, fostering growth and resilience.

As the central bank maintains its focus on gradually withdrawing accommodative policies, it signals a balanced approach towards curbing inflation while supporting economic growth in the long term.

Property developers welcomed the Reserve Bank of India’s decision to keep the repo rate unchanged on Thusday (February 8), a move that is likely to resonate positively within the real estate sector. This decision creates a conducive environment for both individuals and businesses, and will stimulate demand momentum.

The unaltered repo rate, coupled with a bullish domestic economic sentiment, is poised to elevate investors’ confidence in the real estate market.

“This move also augurs well for the luxury real estate segment, where demand remains robust and is likely to continue its upward trajectory. In tandem with this, we are witnessing a notable uptick in new project launches, further underscoring the positive outlook for the real estate sector. The confluence of unchanged repo rates, buoyant demand in luxury real estate, and increased project launches collectively signifies a promising phase for the industry, fostering growth and resilience,” said Aditya Kushwaha, CEO and Director, Axis Ecorp.