IGI Logo

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 will mean a  continuation of low home loan rates which will keep the demand momentum for homes going. In the last couple of months, we have witnessed a further reduction in interest rates of home loans to 6.5% per annum by leading financial institutions.
 
The RBI governor also announced that there are strong signals of recovery in the service industry, especially in IT services.  The expected GDP growth target for the current fiscal has been raised as well.  Factors also indicate softening of inflation in the near term. All in all, this brings in a lot of confidence in the Indian economy, which itself is a big positive for the housing sector.

Above views are of the author and not of the website kindly read disclaimer