Boosting stable growth
We welcome the Indian Reserve Bank’s (RBI) decision to keep the policy rates unchanged to continue economic growth and control inflation. This decision is crucial for fostering a stable economic environment and promoting consistent development. We believe that stable interest rates are particularly beneficial for the real estate sector. When interest rates are steady, homebuyers can plan their purchases without any uncertainty.
Aman Sarin, Director & CEO, Anant Raj
No increase in borrowing costs
While a reduction in rates would be favorable for enhancing economic growth across industries, including real estate, maintaining the status quo helps prevent an increase in borrowing costs, boosts stability, drives up residential demand, and strengthens the overall economy. The RBI’s efforts to sustain a stable policy environment benefit not only homebuyers but also real estate developers, providing them with opportunities for new innovations and enthusiasm.
Mohit Jain, Managing Director, Krisumi Corporation
Revitalised realty
While a rate cut would be advantageous for boosting economic growth across industries, including real estate, maintaining the current status quo can help prevent an increase in borrowing costs. Residential real estate demand has gained momentum in recent quarters. In the coming months, a reduction of 50-75 basis points in the benchmark interest rate is expected to further enhance the sentiments of prospective homebuyers and realtors.
Sanju Bhadana, MD, 4S Developers
Encouragement for realty
The Reserve Bank’s decision should be viewed in the context of inflation-growth dynamics and the ongoing geopolitical crises. Any increase in rates would halt the upward momentum of real estate sales that has been sustained for the past few years. Moving forward, a reduction in the benchmark interest rate will significantly aid in providing further encouragement to the real estate sector, a major component of the economy.
Sameer Jasuja, Founder, PropEquity
Positive impact on the industry
The RBI’s decision to maintain rates at current levels, with the aim of controlling inflation, is in line with expectations. While the RBI remains focused on managing inflation within its target range, favourable monsoon forecasts may encourage the apex bank to reduce interest rates in the coming months, potentially boosting real estate sales. As a strong indicator of economic growth, the RBI’s comprehensive efforts will have a positive impact on consumer sentiment and the industry.
