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Below View On RBI Monetary policy Says Mr. Ram Raheja, Director at S Raheja Realty

"The decision on the 35% rate hike by the RBI may result in withdrawal of accommodation, but will keep inflation within target. India's economic health remains robust, despite global gloom. Urban consumption in the country is on the rise, indicating positive sentiment.  Residential real estate will witness a further impetus due to overall uncertainty leading people to return to focus on basic requirements like spacious living spaces. Also, the strong fundamentals for housing demand will keep the momentum upwards for realty sales. Investors will be closely watching the geopolitical conditions to further estimate growth and evaluate investment avenues."

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