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Below Reaction on RBI Policy By Mr. Sunil Dewali, Co-CEO, Andromeda Sales & Distribution

As the RBI maintains a steady stance on interest rates, our outlook is optimistic that the pivotal policy rate has found stability and may potentially decrease in the coming times. This bodes well for homebuyers, developers, and lenders alike. The enduring stability of EMIs, combined with the possibility of forthcoming rate reductions, is set to bolster the confidence of prospective homebuyers. Meanwhile, developers are poised to find relief, as the costs of project funding remain unaltered. This, in turn, is expected to invigorate the initiation of new projects and ignite heightened sales momentum in the upcoming festive season.