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Below is Perspective on RBI MPC announcement By Mr. Shishir Baijal, Chairman & Managing Director at Knight Frank India

WELCOME RBI’S STANCE TO MAINTAIN REPO DESPITE PRESSURES

“Despite the disruptions from geo- political challenges as well as inflationary pressures, the RBI recognises the need to maintain economic growth momentum. We welcome the RBI’s continued accommodative stance and status quo on REPO rate. For the real estate sector, low interest rates for a long period of time has served as a key catalyst for the resurgence of demand.  The status quo on REPO rates will help maintain the current demand levels as interest rate for both homebuyers and developers are likely to be maintained by financial institutions”

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