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Below Reaction on RBI Policy By Mr Ashwin Chadha, CEO, India Sotheby's International Realty

The RBI has maintained the status quo on key policy rates, highlighting that risks remain evenly balanced. The primary objective is to curb inflation and bring it within the comfortable range of 4%. This strategic move is anticipated to provide substantial impetus to India's broader growth trajectory. There is an emerging expectation that the RBI might eventually consider a reduction in key interest rates. Once this happens it will be a much-needed breather on EMIs for home loans. It's noteworthy that the demand for residential real estate has been robust since 2021 on the strength of the economy, jobs and growth.

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