Reaction on RBI Policy By Mr Pradeep Aggarwal, Signature Global India
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Below Reaction on RBI Policy By Mr Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd
We appreciate the change in policy approach by the apex bank and decision to maintain the policy rate, instead of voting for another increase. This demonstrates a positive intent towards supporting the housing market and benefiting homebuyers.
Home loan borrowers have embraced the previous interest rate hikes, and as long as the home loan interest rates hover around 9% per annum, it is unlikely to have a significant impact on housing demand.
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