Quote on RBI policy impact on Real-estate sector by Mr. Yash Gupta, Angel One Ltd
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Below is quote on RBI policy impact on Real-estate sector by Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
Today RBI has announced its policy and keep its Accommodative stance and maintain Repo rate at 4% and reverse repo rate at 3.35%. This policy will help banks to keep home loan interest rates at the current rate or even some dip in it in the coming months. Several banks are offering a home loan at an interest rate of 6.7% during the festival season, this will going to increase the demand for Residential property and eventually will help real-estate players. We continue our buy call on Sobha Limited with a target price of ₹950.
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