Monetary Policy Announcement : This revision won`t have any significant impact on consumer sentiments SaysPiyush Bothra, Co-founder and CFO, Square Yards
Below is quote on Monetary Policy by Mr Piyush Bothra, Co-founder and CFO, Square Yards
The RBI has taken another aggressive stance by recalibrating the repo rates for the fourth time this year to further rein in the inflation and restore the economic health of the country. In real estate parlance, this revision won’t have any significant impact on consumer sentiments which is buoyant at present. In spite of the hike, the affordability of the home loan is still good, and robust housing demand and growing income stability will continue to keep the real estate sector in an advantageous position. Besides, with the festive season knocking on the door, the residential sector is expected to put up a good show, as the market is overflowing with new buyers. However, we may see an exercise of caution from second and upgrade home buyers.
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