Nitesh Kumar, MD & CEO Emami Realty on RBI Monetary Policy announcements

The Reserve Bank of India’s decision to cut the repo rate by 25 basis points is a welcome move that will significantly boost economic growth and enhance market sentiment. This rate cut will lower borrowing costs, making it easier for businesses to access capital and invest in expansion projects. For the real estate sector, this reduction in interest rates is particularly beneficial as it will stimulate demand for housing and commercial properties. We believe this step will contribute to a more robust and resilient economy, fostering a positive environment for both businesses and consumers