RBI MPC Repo Rate Response By Ms. Manju Yagnik, Vice Chairperson of Nahar Group and Senior Vice President of NAREDCO- Maharashtra

The RBI has decided to keep the repo rates unchanged at 6.5%. This move builds on the advantages of the earlier policy announcements by widening the advantageous conditions for homebuyers. As a result, those considering becoming homeowners can still benefit from low-interest rates on home loans. The housing market is expanding rapidly, and maintaining steady home loan rates is essential to keep the market in check and raise consumer confidence in general. The RBI’s decision offers homeowners a significant benefit and much-needed relief in the face of rising housing costs. Buyers are satisfied with a steady repo rate since it gives them another opportunity to purchase real estate at a good price. This decision sets a base for the housing sector’s long-term stability and expansion and boosts the optimistic attitude currently permeating the market. With the understanding that the market is in a favourable position to support their investment decisions, purchasers can move confidently through it.