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Below is Perspective on RBI Monetary Policy by Ms. Shweta Thakker, Chief Sales & Marketing Officer, AhujaHIVE

"RBI’s decision to sustain their accommodative stance with an unchanged repo rate was welcomed across the board, specifically by the real estate sector as the reduced interest rates will help buyers maintain liquidity in the market and expedite demand to uplift the sector. The triggers that powered the surge in homebuying during H1 2021 are still existent with the lowest ever home loan interest rates, demand for larger spaced and self-owned properties combined with tempting offers by developers. These elements have boosted customer confidence and helped uplift the overall sentiment by aiding individuals to fulfill their dream of owning their homes thereby reviving the sector.

The support from the policy with measures like reduced stamp duty and circle rate has not only worked in favour of home buyers and real estate stakeholders but also powered the government’s revenues, giving a much-needed boost to the economy. We believe that with the successfully administered vaccination campaign by state governments and easing restrictions, the industry is likely to witness continued growth through the year."

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