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Below is perspective on today’s RBI Monetary Policy by Mr. Sovan Mandal, Chief Executive Officer, Valocity India.

“The Reserve Bank of India kept key rates and policy stance unchanged, clearly giving priority to growth over inflation concerns. This will help boost economic growth. The central bank's determination to support higher liquidity in the system augurs well for credit offtake and lending activity. Today's announcements will provide a greater value to the real estate sector which is already witnessing tremendous growth. The ongoing festive season will provide further fillip to real estate transactions. Numerous government efforts, such as demand stimulation, stamp duty relief in some states, and low-interest rates on house loans are already driving sales demand. The measures announced by the RBI, state, and Union government have helped the sales in the residential segment that are higher than the pre-covid levels. The high number of vaccinations has led to normalization in the office space segment. It is imperative for the regulators to handhold the real estate segment which has a multiplier effect on the economy.”

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