Perspective RBI MPC Announcement By Mr.Amarendra Sahu, NestAway Technologies
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Below Perspective On RBI MPC Announcement By Mr.Amarendra Sahu Founder & CEO, NestAway Technologies
"The RBI hiking rates will make home loans dearer, thereby push prospective homebuyers to opt for rental. The repo rate now is near 4.5 year high and likely to stay higher for an extended period of time. Mortgage rates are now again at or even higher than they were prior to COVID. This will probably give the rental market more traction. Renting will become significantly more affordable due to increasing home-buying costs and interest rates. Home rentals have little correlation to home loan rates. We expect the Central Bank to stay on a long pause before they start cutting rates likely in the later part of CY23.”
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