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Below are Perspective on RBI's MPC announcement By Rohit Poddar, Poddar Housing and Development Ltd

“The first RBI policy of FY’22 with its continued accommodative stance to maintain liquidity surplus in the market can be viewed as being pragmatic. Though the RBI moves away from time-based guidance, it has prudently provided timelines to its liquidity-focused measures providing cushioning to the financial markets.

The equity markets will cheer with the announcement on RBI’s Government Securities Acquisition Programme. This will ensure government borrowing at a low cost and be able to address pandemic-related adversities from both economic and healthcare aspects.

From a real estate point of view, an additional Rs.10,000CR for NHB for fresh lending will create a seamless environment to sustain the business operation. As a major part of credit borrowing happens from NBFCs in the real estate sector, the extension provided till 30th September will boost liquidity even further.”

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