New Delhi: Governor Shaktikanta Das has opted to keep the repo rate steady at 6.5% in the monetary policy review held today, signaling a cautious stance in light of global economic volatility and domestic challenges. This decision aims to maintain accommodative monetary conditions to bolster economic recovery while addressing inflation concerns. Also, Homebuyers can take comfort in the unchanged interest rates on home loans, promoting stability in the real estate market. As a pivotal sector reflecting broader economic trends, the real estate market served as a barometer for India’s economic health in 2023. Looking ahead, the real estate industry’s outlook appears optimistic, supported by the sustained confidence in monetary policies and the anticipated positive trajectory of economic indicators.
Gaurav K Singh, Founder & Chairman, Womeki Group said, “We appreciate the RBI’s decision to maintain the repo rate at 6.5%. This will provide a favorable environment for the real estate sector’s growth, fostering investor confidence. As developers, we acknowledge the RBI’s prudent approach, to balancing economic considerations. This decision ensures a favorable lending environment, supporting homebuyers and stimulating housing demand. We look forward to continued collaboration between the RBI and the real estate industry, contributing to the nation’s economic resilience.”
Featured on Newsmantra, Business News for Profit, Realty Plus, Business News Matters, Content Media Solution, Construction architecture.
