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Quote on Monetary Policy By Mr Amit Goyal, India Sotheby's International Realty
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Below is quote on Monetary Policy by Mr Amit Goyal, CEO, India Sotheby's International Realty
We welcome RBI's status quo on policy rates. This means that the home loan interest rate will remain at the current level of sub 7% per annum. Besides that, the Governor rightly said in his statement that recent reduction in excise duty and state VAT on petrol and diesel will support consumption demand by increasing purchasing power. We expect demand in the housing market to improve further.
All eyes are now on the upcoming budget. It will boost the real estate sector if the government enhances deductions against home loans in Budget 2022.
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