By Admin 
Repo Rate Cut: The decision taken in the meeting of the Monitoring Policy (MPC) of the Reserve Bank of India (RBI) has been announced. This time, it has been decided to retain the repo rate at 5.5 percent in the meeting. RBI Governor Sanjay Malhotra announced a unanimous result of all the members of the committee by holding a press conference on Wednesday, August 6. He also told that the committee has also maintained its stance on the policy ‘neutral’. Let’s see what experts have to say on this decision of RBI?
Now the right time to move forward
Sakshi Katiyal, chairperson of Home and Sol, says that the decision to keep the repo rate stable due to increasing tariffs worldwide is a sensible step. Due to liberal policies adopted throughout the year, it has become cheaper to take a loan and cash has also increased in the market. Now that inflation is under control and economic activities are gaining momentum, this stability gives a clear indication for both home buyers and developers that now is the right time to move forward.
Real estate will get stability
CRC Group Director (Marketing and Business Management) Salil Kumar says that RBI’s decision to keep the repo rate stable is a welcome and stability step for both residential and commercial real estate segments. By maintaining neutral stand by the central bank, it is also expected that rates may be cut in the coming time, which will further strengthen the market.
He further said, “Stable interest rates for homebeeers maintain the house to buy the house and help them decide with confidence. At the same time, this decision will bring this decision in the commercial sector and the cost of the loan remains stable, especially the interest of investors in office and mixed-use projects may increase. We hope that the RBI will adopt such a balanced stance so that all the property segments can continue to grow longer.
Promotion of housing demand from rate cuts
Ashwani Kumar of Pyramid Infratech says, “In view of the current economic situation, the RBI’s decision to maintain the repo rate at the same level reflects a balanced and cautious attitude. We believe that if the rates were cut, it would have further boosted housing demand and people’s trust would have been strengthened with stability in the market. Such continuity is necessary for the real estate sector, as it helps to maintain the positive thinking of the existing buyers, especially for those who are planning to buy a house for the first time. ”
RBI steps with future thinking
Manit Sethi, director of the Excellent Infra, says, “The RBI’s decision to keep the repo rate stable on 5.5 percent is a steady and future step. In such a policy for the real estate sector, continuity instills long -term trust in both buyers and developers. This makes it easy to take a loan, promotes investment and grows further than festivals. Stability is very important for this sector because it rests on trust and clarity.
RBI’s decision shows the strength of the economy
Trident Realty CEO Parvinder Singh says, “We welcome the RBI’s decision to keep the repo rate stable.” In the current economic environment, which is surrounded by constant inflation and global uncertainties, this stability is not only assuring the real estate sector but also encouraging. The atmosphere of stable interest rates confidence in making future planning to home buyers, on the other hand, gives developers an opportunity to focus on long-term and value-based projects. ‘
He further said, “This decision reflects trust in the strength of the Indian economy and supports a healthy investment environment. This not only strengthens the perception of the residential market, but today’s home further strengthens our commitment to sustainable and future projects keeping in mind the changing needs of buyers and communities.
Luxury housing segment expected demand to boom
At the same time, AU Real Estate Director Ashish Aggarwal said, “We appreciate the RBI’s decision to keep the repo rate unchanged as it gives the real estate sector the necessary stability that is most needed in the current circumstances. In the AU Real Estate we believe that the constant stability in the repo rate leads to the market, especially in long-term long-term investment areas such as luxury property, establishs trust and transparency.
He further says, “Stable interest rates not only increase the power of the house, but also make the home loan more accessible. As the financeing gets easier, we expect a boom in demand in the luxury housing segment, especially from the customers who are looking for the best and customized homes that fulfill their lifestyle aspirations. This stable economic environment not only enhances the confidence of buyers, but also encourages us to manufacture high quality, specific and durable luxury projects.
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RBI MPC Meeting: Interest rates are not changed between tariff tension, growth rate of 6.5%, RBI Governor Sanjay Malhotra announced