Quote on Positive news for the Real-estate sector from the RBI meeting By Mr. Yash Gupta, Angel One Ltd
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Below is quote on Positive news for the Real-estate sector from the RBI meeting By Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
As expected, the repo rate was hiked by 50 bps to 4.90%, but the most important thing for real-estate companies is that RBI has doubled the limit of loans from aco-operative banks. This will help the cooperative banks to give more housing loans. We continue with our buy call on Sobha Developers and Oberoi Realty.
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