Kolte-Patil Developers’ reaction on RBI MPC decision to keep the repo rate unchanged

“The decision by the RBI to keep the repo rate unchanged at 6.50% is an encouraging development. This move will provide much-needed stability in home loan rates – a positive for the real estate sector. The decision will benefit both homebuyers and developers, as it allows for greater certainty and predictability in the market. This stability will also help to drive growth in the affordable housing segment, while at the same time, sustain the positive trajectory of the luxury residential segment. We believe that a stable repo rate will support the current momentum of the real estate sector.”