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Below the Comment on Monetary Policy by Mr Ashwin Chadha, CEO, India Sotheby`s International Realty

The Reserve Bank of India's decision to maintain unchanged interest rates reflects a cautious approach aimed at stabilizing inflation within the targeted band of 2%-6%. Notably, the RBI governor mentioned a balanced risk outlook, and the projection for Real GDP growth stands at 7% for the current fiscal year, with an anticipated range of 6.4% to 6.9% for the next year. Given these positive and strong economic indicators, the probability of a rate hike in the upcoming MPC review meeting appears negligible. We anticipated that the housing sector, particularly the luxury segment, will continue to thrive amid a well-performing economy and growing purchasing power of the citizens of the country.

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