Mr. Pritam Chivukula – Vice President, CREDAI-MCHI and Co-Founder & Director, Tridhaatu Realty
“The RBI’s decision to keep the repo rate unchanged at 6.50 per cent has been in line with the government’s stance of keeping inflation in check while maintaining liquidity in the economy. The government has been supportive to the real estate sector with constructive industry policies. This pause in the repo rate has come at an apt time given the ongoing festive season which will improve market sentiments and drive housing demand even further. Construction activity has been buoyant on the back of timely government intervention and positive policy measures keeping the economy strong against global headwinds.”RBI policy
Mr. Prashant Khandelwal, CEO – Agami
“Maintaining status quo at 6.50 per cent has been a good decision taken by RBI. Given the ongoing festive season, this decision will encourage prospective home buyers to come forward and buy their desired home. As in the past, we look forward to continued support from the government with policies that will sustain growth of the sector, going forward.”
Mr. Himanshu Jain, VP – Of sales, Marketing, and CRM, Satellite Developers Pvt. Ltd. (SDPL) “Given the current market conditions and the inflationary pressures, the RBI’s decision was anticipated to guide the economy towards stability and maintain a secure financial environment. Rising property prices had already added to the difficulties for potential homebuyers. Nevertheless, the RBI’s decision not to implement another repo rate increase has offered significant relief to individuals interested in buying homes. Moreover, those looking to make their first home purchase often view it as a substantial investment, and the RBI’s action is expected to have a favorable impact on their decision-making process.”
Dr. Sachin Chopda – Managing Director, Pushpam Group
“We appreciate the RBI’s choice to maintain the status quo on key interest rates in light of the escalating inflation. Over the past few years, there has been a notable surge in real estate investments, primarily due to its ability to offer investors better returns on their capital and its growing appeal as an asset class when compared to alternative investment opportunities. This decision is likely to inspire potential homebuyers to still close in on their property investments in the upcoming festive season.”
