Comment on RBI Monetary Policy by Vimal Nadar, Senior Director, Research, Colliers India
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the Comment on RBI Monetary Policy by Vimal Nadar, Senior Director, Research, Colliers India
“At 6.5%, the benchmark lending rate has remained stable for a year now. The commitment to growth while taming headline inflation remains unabated while the economy is expected to close at a higher 7.3% for the fiscal 2023-24.
The stability not only provides continued relief to homebuyers in the form of predictable EMIs but also aids real estate developers in having greater confidence on near-term financing costs. The steadiness in real estate ecosystem augurs well for healthier balance sheets and should provide further momentum to sales in the residential segment. Moreover, the recent focus of the interim budget on infrastructure and urban housing stands to benefit the real estate sector throughout 2024 and beyond. An anticipation of future repo rate cuts and projected GDP growth rate of 7% for fiscal 2024-25 adds credence to conviction of a strong performance by the real estate sector in the next few quarters.”
Above views are of the author and not of the website kindly read disclaimer
More News
RBI MPC reaction quote by Shri. Tribhuwan Adhikari, MD & CEO, LIC Housing Finance
